全球智库信息集成服务系统(G2TT): DP5666 How Much Information Should Interest Rate-Setting Central Banks Reveal?

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP5666
	DP5666 How Much Information Should Interest Rate-Setting Central Banks Reveal?
	Charles Wyplosz; Aileen Gosselin-Lotz; Pierre Gosselin
发表日期	2006-05-02
出版年	2006
语种	英语
摘要	The standard assumption in economic theory is that preferences are stable. In particular, they are not changed as a result of experience with the good/service/event. Behavioral scientists have challenged this assumption and claimed (providing evidence) that preferences are constantly changing when experience is accumulated. This paper tests the effect of experience on preferences for attributes of health-care events. We are using two very different samples and a methodology that facilitates the estimation of marginal utilities of various attributes of a composite non-traded health-care service. Discrete Choice Experimental design is employed for the analysis of samples of (1) women who gave birth, and (2) women who were diagnosed with breast cancer. For each group we had information on experience. In the case of women who gave birth, the sample was decomposed into 3 sub-samples: pregnant women with their first child (no experience); women after one delivery (single experience); and mothers after more than one delivery (multiple experience). Preferences of the 3 sub-groups have then been compared. The breast cancer patients reported the number of chemotherapy/radiation treatments they have already received, thus enabling the construction of an experience variable and testing for the effect of experience on preferences. The basic finding is that preferences for health-care attributes are significantly changed as a result of experience with the health event. However, the amount of experience is irrelevant.
主题	Labour Economics
关键词	Preferences Experience Discrete choice experiment Health-care Delivery Breast cancer
URL	https://cepr.org/publications/dp5666
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/534510
推荐引用方式 GB/T 7714	Charles Wyplosz,Aileen Gosselin-Lotz,Pierre Gosselin. DP5666 How Much Information Should Interest Rate-Setting Central Banks Reveal?. 2006.