Do people value their own future health differently from others' future health?

J Cairns, M Pol van der

Research output: Contribution to journalArticle

17 Citations (Scopus)

Abstract

The purpose of this study was to investigate whether time preferences for own health are the same as time preferences for others' health. A random sample of the general public was sent a postal questionnaire containing six choices between ill health in the near future and ill health in the further future. They were asked to indicate the maximum duration of more distant ill health they would be willing to accept in return for a specified delay in the onset of the period of ill health. For half of the sample the questions were set in the context of their own health and for the other half in terms of others' health. The median implied discount rates were not statistically different, 0.061 for own health and 0.062 for others' health. A multilevel analysis of the determinants of these implied discount rates provided additional evidence of the similarity of time preferences for own health and others' health.

Original languageEnglish
Pages (from-to)466-472
Number of pages7
JournalMedical Decision Making
Volume19
Issue number4
DOIs
Publication statusPublished - Oct 1999

Keywords

  • intertemporal preferences
  • own versus other's health
  • time preference
  • lives
  • valuations
  • duration
  • money

Cite this

Do people value their own future health differently from others' future health? / Cairns, J ; Pol van der, M .

In: Medical Decision Making, Vol. 19, No. 4, 10.1999, p. 466-472.

Research output: Contribution to journalArticle

@article{0f7c2e034a7e4c25acc325fc64c7b3e1,
title = "Do people value their own future health differently from others' future health?",
abstract = "The purpose of this study was to investigate whether time preferences for own health are the same as time preferences for others' health. A random sample of the general public was sent a postal questionnaire containing six choices between ill health in the near future and ill health in the further future. They were asked to indicate the maximum duration of more distant ill health they would be willing to accept in return for a specified delay in the onset of the period of ill health. For half of the sample the questions were set in the context of their own health and for the other half in terms of others' health. The median implied discount rates were not statistically different, 0.061 for own health and 0.062 for others' health. A multilevel analysis of the determinants of these implied discount rates provided additional evidence of the similarity of time preferences for own health and others' health.",
keywords = "intertemporal preferences, own versus other's health, time preference, lives, valuations, duration, money",
author = "J Cairns and {Pol van der}, M",
year = "1999",
month = "10",
doi = "10.1177/0272989X9901900414",
language = "English",
volume = "19",
pages = "466--472",
journal = "Medical Decision Making",
issn = "0272-989X",
publisher = "SAGE Publications Inc.",
number = "4",

}

TY - JOUR

T1 - Do people value their own future health differently from others' future health?

AU - Cairns, J

AU - Pol van der, M

PY - 1999/10

Y1 - 1999/10

N2 - The purpose of this study was to investigate whether time preferences for own health are the same as time preferences for others' health. A random sample of the general public was sent a postal questionnaire containing six choices between ill health in the near future and ill health in the further future. They were asked to indicate the maximum duration of more distant ill health they would be willing to accept in return for a specified delay in the onset of the period of ill health. For half of the sample the questions were set in the context of their own health and for the other half in terms of others' health. The median implied discount rates were not statistically different, 0.061 for own health and 0.062 for others' health. A multilevel analysis of the determinants of these implied discount rates provided additional evidence of the similarity of time preferences for own health and others' health.

AB - The purpose of this study was to investigate whether time preferences for own health are the same as time preferences for others' health. A random sample of the general public was sent a postal questionnaire containing six choices between ill health in the near future and ill health in the further future. They were asked to indicate the maximum duration of more distant ill health they would be willing to accept in return for a specified delay in the onset of the period of ill health. For half of the sample the questions were set in the context of their own health and for the other half in terms of others' health. The median implied discount rates were not statistically different, 0.061 for own health and 0.062 for others' health. A multilevel analysis of the determinants of these implied discount rates provided additional evidence of the similarity of time preferences for own health and others' health.

KW - intertemporal preferences

KW - own versus other's health

KW - time preference

KW - lives

KW - valuations

KW - duration

KW - money

U2 - 10.1177/0272989X9901900414

DO - 10.1177/0272989X9901900414

M3 - Article

VL - 19

SP - 466

EP - 472

JO - Medical Decision Making

JF - Medical Decision Making

SN - 0272-989X

IS - 4

ER -