Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/44528
Title: The role of regret minimisation in lifestyle choices affecting the risk of coronary heart disease
Authors: Boeri, Marco
Longo, Alberto
Grisolía Santos, José María 
Hutchinson, W. George
Kee, Frank
UNESCO Clasification: 531207 Sanidad
Keywords: Economía de la salud
Enfermedades cardiovasculares
Issue Date: 2013
Publisher: 0167-6296
Journal: Journal of Health Economics 
Abstract: 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.
URI: http://hdl.handle.net/10553/44528
ISSN: 0167-6296
DOI: 10.1016/j.jhealeco.2012.10.007
Source: Journal of Health Economics[ISSN 0167-6296],v. 32, p. 253-260
Appears in Collections:Artículos
Show full item record

SCOPUSTM   
Citations

24
checked on Apr 11, 2021

WEB OF SCIENCETM
Citations

24
checked on Apr 11, 2021

Page view(s)

24
checked on Apr 11, 2021

Google ScholarTM

Check

Altmetric


Share



Export metadata



Items in accedaCRIS are protected by copyright, with all rights reserved, unless otherwise indicated.