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Predicting health behaviors with economic preferences & locus of control

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  • Conell-Price, Lynn
  • Jamison, Julian

Abstract

We present new results on the relationship between health behaviors and experimental measures of time and risk preferences. In contrast to recent findings in the economics literature, we find no evidence of a link between time preference and self-reported health behaviors and outcomes such as smoking and BMI. We also introduce evidence that internal locus of control—a psychological construct that refers to the tendency to attribute to oneself control over outcomes—explains significant variation in health behaviors, in models that also include traditional measures of risk and time preference.

Suggested Citation

  • Conell-Price, Lynn & Jamison, Julian, 2015. "Predicting health behaviors with economic preferences & locus of control," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 54(C), pages 1-9.
    • Handle: RePEc:eee:soceco:v:54:y:2015:i:c:p:1-9
    DOI: 10.1016/j.socec.2014.10.003
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    Cited by:

    1. Dániel Horn & Hubert János Kiss, 2020. "Time preferences and their life outcome correlates: Evidence from a representative survey," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-26, July.
    2. Datar, Ashlesha & Nicosia, Nancy & Samek, Anya, 2023. "Heterogeneity in place effects on health: The case of time preferences and adolescent obesity," Economics & Human Biology, Elsevier, vol. 49(C).
    3. Carlos M Parra & Ranjita Poudel & Matthew Sutherland, 2021. "Towards an Understanding of Low-Income Individuals’ Financial Resiliency: Exploration of Risk Preferences, Personality Traits, and Savings Behavior," Journal of Economics and Behavioral Studies, AMH International, vol. 13(5), pages 32-54.
    4. Ashlesha Datar & Nancy Nicosia & Anya Samek, 2022. "Heterogeneity in Place Effects on Health: The Case of Time Preferences and Adolescent Obesity," NBER Working Papers 29935, National Bureau of Economic Research, Inc.
    5. Donata Bessey, 2018. "Preferences, personality and health behaviors: results from an explorative economic experiment," International Journal of Health Economics and Management, Springer, vol. 18(4), pages 437-456, December.
    6. Mol, Jantsje M. & Botzen, W.J. Wouter & Blasch, Julia E., 2020. "Behavioral motivations for self-insurance under different disaster risk insurance schemes," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 967-991.
    7. Pastore, Chiara & Schurer, Stefanie & Tymula, Agnieszka & Fuller, Nicholas & Caterson, Ian, 2020. "Economic Preferences and Obesity: Evidence from a Clinical Lab-in-Field Experiment," IZA Discussion Papers 13915, Institute of Labor Economics (IZA).
    8. Strulik, Holger, 2019. "I shouldn’t eat this donut: Self-control, body weight, and health in a life cycle model," The Journal of the Economics of Ageing, Elsevier, vol. 14(C).

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