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Misperceived Effectiveness and the Demand for Psychotherapy

Author

Listed:
  • Christopher Roth

    (University of Cologne, CEPR and ECONtribute, Max Planck Institute for Collective Goods)

  • Peter Schwardmann

    (Carnegie Mellon University)

  • Egon Tripodi

    (Hertie School of Government)

Abstract

While psychotherapy has been shown to be effective in treating depression, take-up remains low. In a sample of 1,843 depressed individuals, we document that concerns about effectiveness are top of mind when respondents consider the value of therapy. We then show that the average respondent underestimates the effectiveness of therapy and that an information treatment that corrects this misperception increases participants’ incentivized willingness to pay for therapy. Information affects therapy demand by changing beliefs rather than by shifting attention. Our results suggest that information interventions that target the perceived effectiveness of therapy are a potent tool in combating the ongoing mental health crisis.

Suggested Citation

  • Christopher Roth & Peter Schwardmann & Egon Tripodi, 2024. "Misperceived Effectiveness and the Demand for Psychotherapy," ECONtribute Discussion Papers Series 279, University of Bonn and University of Cologne, Germany.
    • Handle: RePEc:ajk:ajkdps:279
    as

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    References listed on IDEAS

    as
    1. Jonathan de Quidt & Johannes Haushofer & Christopher Roth, 2018. "Measuring and Bounding Experimenter Demand," American Economic Review, American Economic Association, vol. 108(11), pages 3266-3302, November.
    2. Nathan Barker & Gharad T. Bryan & Dean Karlan & Angela Ofori-Atta & Christopher R. Udry, 2021. "Mental Health Therapy as a Core Strategy for Increasing Human Capital: Evidence from Ghana," NBER Working Papers 29407, National Bureau of Economic Research, Inc.
    3. Matthias Sutter & Martin G. Kocher & Daniela Glätzle-Rützler & Stefan T. Trautmann, 2013. "Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior," American Economic Review, American Economic Association, vol. 103(1), pages 510-531, February.
    4. Johannes Haushofer & Robert Mudida & Jeremy P. Shapiro, 2020. "The Comparative Impact of Cash Transfers and a Psychotherapy Program on Psychological and Economic Well-being," NBER Working Papers 28106, National Bureau of Economic Research, Inc.
    5. Blattman, Christopher & Sheridan, Margaret A. Ph.D. & Jamison, Julian C. & Chaskel, Sebastian, 2022. "Cognitive behavior therapy reduces crime and violence over 10 years: Experimental evidence," SocArXiv q85ux, Center for Open Science.
    6. Jonathan de Quidt & Johannes Haushofer, 2016. "Depression for Economists," NBER Working Papers 22973, National Bureau of Economic Research, Inc.
    7. Peter Andre & Ingar Haaland & Christopher Roth & Johannes Wohlfart, 2021. "Narratives about the Macroeconomy," CEBI working paper series 21-18, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    8. Matthew W. Ridley & Gautam Rao & Frank Schilbach & Vikram H. Patel, 2020. "Poverty, Depression, and Anxiety: Causal Evidence and Mechanisms," NBER Working Papers 27157, National Bureau of Economic Research, Inc.
    9. Roth, Christopher & Graeber, Thomas & Zimmermann, Florian, 2022. "Stories, Statistics, and Memory," CEPR Discussion Papers 17683, C.E.P.R. Discussion Papers.
    10. Anselm Hager & Lukas Hensel & Johannes Hermle & Christopher Roth, 2024. "Political Activists are Not Driven by Instrumental Motives: Evidence from Two Natural Field Experiments," ECONtribute Discussion Papers Series 274, University of Bonn and University of Cologne, Germany.
    11. Christopher Blattman & Sebastian Chaskel & Julian C. Jamison & Margaret Sheridan, 2022. "Cognitive Behavior Therapy Reduces Crime and Violence over 10 Years: Experimental Evidence," NBER Working Papers 30049, National Bureau of Economic Research, Inc.
    12. Taisuke Imai & Davide D. Pace & Peter Schwardmann & Joël van der Weele & Davide Domenico Pace, 2022. "Correcting Consumer Misperceptions about CO2 Emissions," CESifo Working Paper Series 10138, CESifo.
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    More about this item

    Keywords

    Mental Health; Depression; Psychotherapy; Beliefs; Effectiveness; Information policy;
    All these keywords.

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