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Do professional norms in the medical industry favor outcome bias?

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Listed:
  • Xiaoqian Fan
  • Qian Cao
  • Lin Yang

Abstract

This study tests the effect of doctors' professional identity on their outcome bias. We conduct a medical experiment with 264 doctors, a robustness test with 105 doctors, and a public experiment with 170 non‐doctors. The experimental results show that doctors, but not non‐doctors, exhibit more outcome bias when we exogenously render their professional identity more salient. These results indicate that professional norms in the medical industry favor outcome bias.

Suggested Citation

  • Xiaoqian Fan & Qian Cao & Lin Yang, 2021. "Do professional norms in the medical industry favor outcome bias?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(5), pages 1275-1283, July.
    • Handle: RePEc:wly:mgtdec:v:42:y:2021:i:5:p:1275-1283
    DOI: 10.1002/mde.3308
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    References listed on IDEAS

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