Show Summary Details
Page of

Intertemporal Choices for Health 

Intertemporal Choices for Health
Chapter:
Intertemporal Choices for Health
Author(s):

Justin S. White

and William H. Dow

DOI:
10.1093/med/9780199398331.003.0002
Page of

PRINTED FROM OXFORD MEDICINE ONLINE (www.oxfordmedicine.com). © Oxford University Press, 2021. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Medicine Online for personal use (for details see Privacy Policy and Legal Notice).

date: 18 October 2021

This chapter focuses on the systematic—that is, potentially foreseeable—ways in which individuals’ intertemporal health choices depart from the predictions of standard economic theory. By “standard” theory we refer to a model of the rational agent from neoclassical economics who is perfectly informed, forward-looking, and consistent in his or her preferences. We describe the standard economic model of rational choice and describe three classes of deviations from the standard model: (1) nonstandard preferences, (2) nonstandard beliefs, and (3) nonstandard decision making. We also discuss the ways in which an understanding of these departures from the standard model can inform policy and the design of decision aids.

Access to the complete content on Oxford Medicine Online requires a subscription or purchase. Public users are able to search the site and view the abstracts for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can't find the answer there, please contact us.