New paper by Heike Hennig-Schmidt in the European Economics Review
Heike Hennig-Schmidt published a paper in the European Economics Review on "Are patient-regarding preferences stable? Evidence from a laboratory experiment with physicians and medical students from different countries"
Abstract: We quantify patient-regarding preferences by fitting a bounded rationality model to data from an incentivized laboratory experiment, where Chinese medical doctors, German medical students and Chinese medical students decide under different payment schemes. 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 a health economic experiment can provide knowledge that reach beyond the student subject pool, and that the preferences of decision-makers in one cultural context can be of relevance in a very different cultural context.
The link to the paper is https://www.sciencedirect.com/science/article/pii/S001429212030043X?via%3Dihub
Chief Research Fellow