Time discounting (d) and pain anticipation: Experimental evidence
This paper deals with pain anticipation experienced before medical procedures. Our experimental results show that individuals with lower discount factors are more prone to suffer pain in advance. We provide a framework to rationalize the connection between pain anticipation and impatience. In this set up, more impatient subjects, who only value very near events, take into account mainly the negative effects of medical procedures (just the costs) whereas more patient individuals have a net positive valuation of medical events (given that they value both the cost incurred now and all the benefits accrued in the future).
|Date of creation:||01 Oct 2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.ugr.es/local/teoriahe
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- David M. Cutler & Edward Glaeser, 2005.
"What Explains Differences in Smoking, Drinking, and Other Health-Related Behaviors?,"
American Economic Review,
American Economic Association, vol. 95(2), pages 238-242, May.
- David Cutler & Edward Glaeser, 2005. "What Explains Differences in Smoking, Drinking and Other Health-Related Behaviors?," Harvard Institute of Economic Research Working Papers 2060, Harvard - Institute of Economic Research.
- David Cutler & Edward Glaeser, 2005. "What Explains Differences in Smoking, Drinking and Other Health-Related Behaviors," NBER Working Papers 11100, National Bureau of Economic Research, Inc.
- Glaeser, Edward & Cutler, David, 2005. "What Explains Differences in Smoking, Drinking, and Other Health Related Behaviors," Scholarly Articles 2664274, Harvard University Department of Economics.
- Laibson, David, 1997.
"Golden Eggs and Hyperbolic Discounting,"
The Quarterly Journal of Economics,
MIT Press, vol. 112(2), pages 443-77, May.
- Espinosa Alejos, María Paz & Brañas Garza, Pablo & Repollés Pro, María, 2010. "Discounting future pain: Effects on self-reported pain," DFAEII Working Papers 2010-06, University of the Basque Country - Department of Foundations of Economic Analysis II.
- Knutson, Brian & Peterson, Richard, 2005. "Neurally reconstructing expected utility," Games and Economic Behavior, Elsevier, vol. 52(2), pages 305-315, August.
- W. Viscusi & Joel Huber & Jason Bell, 2008. "Estimating discount rates for environmental quality from utility-based choice experiments," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 199-220, December.
When requesting a correction, please mention this item's handle: RePEc:gra:wpaper:10/13. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angel Solano Garcia.)
If references are entirely missing, you can add them using this form.