The role of regret minimisation in lifestyle choices affecting the risk of coronary heart disease.

This paper introduces the discrete choice model-paradigm of Random Regret Minimisation (RRM) to the field of health economics. The RRM is a regret-based model that explores a driver of choice different from the traditional utility-based Random Utility Maximisation (RUM). The RRM approach is based on...

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Publicado en:Journal of Health Economics Vol. 32; no. 1; pp. 253 - 261
Autores principales: Boeri M, Longo A, Grisolía JM, Hutchinson WG, Kee F, Boeri, Marco, Longo, Alberto, Grisolía, José M, Hutchinson, W George, Kee, Frank
Formato: research Journal Article
Publicado: Elsevier B.V. Jan2013
Acceso en línea:Ver este registro en EBSCOhost
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        atl: The role of regret minimisation in lifestyle choices affecting the risk of coronary heart disease.
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          Boeri M
          Longo A
          Grisolía JM
          Hutchinson WG
          Kee F
          Boeri, Marco
          Longo, Alberto
          Grisolía, José M
          Hutchinson, W George
          Kee, Frank
        affil: Queen's University of Belfast, Gibson Institute for Land, Food and Environment, School of Biological Sciences, 97 Lisburn Road, Medical Biology Centre, Belfast BT9 7BL, United Kingdom
      sug:
        subj:
          Decision Making
          Coronary Disease Psychosocial Factors
          Emotions
          Life Style
          Adult
          Aged
          Coronary Disease Prevention and Control
          Diet Psychosocial Factors
          Female
          Human
          Male
          Middle Age
          Motor Activity
          Myocardial Infarction Prevention and Control
          Myocardial Infarction Psychosocial Factors
          Northern Ireland
          Questionnaires
          Behavior
          Socioeconomic Factors
          Adult: 19-44 years
          Aged: 65+ years
          Middle Aged: 45-64 years
          Female
          Male
      ab: This paper introduces the discrete choice model-paradigm of Random Regret Minimisation (RRM) to the field of health economics. The RRM is a regret-based model that explores a driver of choice different from the traditional utility-based Random Utility Maximisation (RUM). The RRM approach is based on the idea that, when choosing, individuals aim to minimise their regret-regret being defined as what one experiences when a non-chosen alternative in a choice set performs better than a chosen one in relation to one or more attributes. Analysing data from a discrete choice experiment on diet, physical activity and risk of a fatal heart attack in the next ten years administered to a sample of the Northern Ireland population, we find that the combined use of RUM and RRM models offer additional information, providing useful behavioural insights for better informed policy appraisal.
      pubtype: Academic Journal
      doctype:
        research
        Journal Article
      ougenre: Article
    language: English
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