Health State Valuation and Its Socio-Economic Factors: Online Samples from the U.S. and Canada
This paper seeks to explore how people value the state of health and what socio-economic factors they might consider. I conducted an online experiment and a survey to elicit individuals’ decisions under hypothetical health states, which vary at three levels: mild, moderate, and severe. The socio-eco...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-01-01
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| Series: | Medical Sciences Forum |
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| Online Access: | https://www.mdpi.com/2673-9992/4/1/4 |
| _version_ | 1797593261257261056 |
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| author | Liang Wang |
| author_facet | Liang Wang |
| author_sort | Liang Wang |
| collection | DOAJ |
| description | This paper seeks to explore how people value the state of health and what socio-economic factors they might consider. I conducted an online experiment and a survey to elicit individuals’ decisions under hypothetical health states, which vary at three levels: mild, moderate, and severe. The socio-economic factors mainly include payment, personal financial situation, hospital service, support from their family, etc. The subjects were from two separate online pools of the United States and Canada, which have similar socio-economic backgrounds and different health care systems. This paper presents that subjects are sensitive to different levels of health states. In those who choose the risky medical treatment under the same health states, the Canadian participants are willing to accept a lower success probability. Among the socio-economic factors that are significant to this health-related decision, some factors are only significant in one country’s participants. For the American sample, it is “access to health insurance”, while for the Canadian sample, it is “disturbances in everyday family life”. |
| first_indexed | 2024-03-11T02:06:28Z |
| format | Article |
| id | doaj.art-9f6dd6bedd3e4a91b6f6194764b31a72 |
| institution | Directory Open Access Journal |
| issn | 2673-9992 |
| language | English |
| last_indexed | 2024-03-11T02:06:28Z |
| publishDate | 2021-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Medical Sciences Forum |
| spelling | doaj.art-9f6dd6bedd3e4a91b6f6194764b31a722023-11-18T11:52:05ZengMDPI AGMedical Sciences Forum2673-99922021-01-0141410.3390/ECERPH-3-09000Health State Valuation and Its Socio-Economic Factors: Online Samples from the U.S. and CanadaLiang Wang0Department of Economics, Concordia University, 1455 de Maisonneuve Blvd. West, Montreal, QC H3G 1M8, CanadaThis paper seeks to explore how people value the state of health and what socio-economic factors they might consider. I conducted an online experiment and a survey to elicit individuals’ decisions under hypothetical health states, which vary at three levels: mild, moderate, and severe. The socio-economic factors mainly include payment, personal financial situation, hospital service, support from their family, etc. The subjects were from two separate online pools of the United States and Canada, which have similar socio-economic backgrounds and different health care systems. This paper presents that subjects are sensitive to different levels of health states. In those who choose the risky medical treatment under the same health states, the Canadian participants are willing to accept a lower success probability. Among the socio-economic factors that are significant to this health-related decision, some factors are only significant in one country’s participants. For the American sample, it is “access to health insurance”, while for the Canadian sample, it is “disturbances in everyday family life”.https://www.mdpi.com/2673-9992/4/1/4health state valuationsocio-economic factorsonline survey |
| spellingShingle | Liang Wang Health State Valuation and Its Socio-Economic Factors: Online Samples from the U.S. and Canada Medical Sciences Forum health state valuation socio-economic factors online survey |
| title | Health State Valuation and Its Socio-Economic Factors: Online Samples from the U.S. and Canada |
| title_full | Health State Valuation and Its Socio-Economic Factors: Online Samples from the U.S. and Canada |
| title_fullStr | Health State Valuation and Its Socio-Economic Factors: Online Samples from the U.S. and Canada |
| title_full_unstemmed | Health State Valuation and Its Socio-Economic Factors: Online Samples from the U.S. and Canada |
| title_short | Health State Valuation and Its Socio-Economic Factors: Online Samples from the U.S. and Canada |
| title_sort | health state valuation and its socio economic factors online samples from the u s and canada |
| topic | health state valuation socio-economic factors online survey |
| url | https://www.mdpi.com/2673-9992/4/1/4 |
| work_keys_str_mv | AT liangwang healthstatevaluationanditssocioeconomicfactorsonlinesamplesfromtheusandcanada |