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Are patient-regarding preferences stable? Evidence from a laboratory experiment with physicians and medical students from different countries

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  • Wang, Jian

    (Department of Health Management and Health Economics)

  • Iversen, Tor

    (Department of Health Management and Health Economics)

  • Hennig-Schmidt, Heike

    (Department of Health Management and Health Economics)

  • Godager, Geir

    (Department of Health Management and Health Economics)

Abstract

We quantify patient-regarding preferences by fitting a bounded rationality model to data from incentivized laboratory experiments, where Chinese medical doctors, German medical students and Chinese medical students participate. We find a remarkable stability in patient-regarding preferences when comparing subject pools and we cannot reject the hypothesis of equal patient regarding preferences in the three groups. The results suggest that health economic experiments can provide knowledge that reach beyond the student subject pool, and that knowledge on preferences of decision-makers in one cultural context can be of relevance for very different cultural contexts.

Suggested Citation

  • Wang, Jian & Iversen, Tor & Hennig-Schmidt, Heike & Godager, Geir, 2019. "Are patient-regarding preferences stable? Evidence from a laboratory experiment with physicians and medical students from different countries," HERO Online Working Paper Series 2019:1, University of Oslo, Health Economics Research Programme.
    • Handle: RePEc:hhs:oslohe:2019_001
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    Keywords

    Laboratory experiment; Bounded rationality; Payment mechanism; Physician behavior;
    All these keywords.

    JEL classification:

    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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