Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/41752
Title: Emotions and scope effects in the monetary valuation of health
Authors: Avilés Blanco, María V.
Brey, Raúl
Araña, Jorge 
Pinto Prades, José Luis
UNESCO Clasification: 531207 Sanidad
Keywords: Health technology evaluation
Scope sensitivity
Emotions
Willingness to pay
Issue Date: 2018
Journal: European Journal of Health Economics 
Abstract: This study presents evidence on the role of emotions in the monetary evaluation of health technologies, namely, drug-eluting stents (DES) in our case. It is shown that subjects who are very afraid of having to undergo an angioplasty are: (a) less sensitive to the size of the risk reduction provided by DES and (b) willing to pay more. The lack of scope sensitivity questions the normative validity of the responses of highly emotional subjects. We provide evidence of this effect using what we call the cognitive-emotional random utility model and the responses of a face-to-face, computer-assisted personal interview survey conducted in a representative sample of the Spanish general population (n = 1663).
Description: JEL classifications: H41 H51 I11 I18 I31
URI: http://hdl.handle.net/10553/41752
ISSN: 1618-7598
DOI: 10.1007/s10198-017-0885-7
Source: European Journal of Health Economics [ISSN 1618-7598], v. 19 (3), p. 315-325
Appears in Collections:Artículos
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