Bridging the gap: Experimental evidence on information provision and health insurance choices
Ana Cecilia Quiroga Gutierrez,
Stefan Boes
Abstract:Previous research has shown that individuals do not always make rational decisions when selecting their health insurance, for example, due to the existence of information frictions or mental gaps. We study the effect of specific types of information provision for decision support on health plan choices and test their potential to improve decision quality by implementing a randomized laboratory experiment. We provide personalized and generic aids, differentiate between numerical and visual decision support, and… Show more
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