Construct · 1 fields · 1 citations

choice inconsistencies in insurance plan selection: a standalone construct

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Insurance economics

pattern in which enrollees choose plans that are dominated on expected cost and risk, overweighting premiums relative to out-of-pocket costs.

In insurance economics, choice inconsistencies in insurance plan selection refers to pattern in which enrollees choose plans that are dominated on expected cost and risk, overweighting premiums relative to out-of-pocket costs. This meaning comes from Abaluck (2011) in American Economic Review.[1]

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Nearby constructs

plan choice inconsistency1 fields · 1 citationsanchor · a standalone construct cost4 fields · 4 citationsjingle · one word, four constructs pattern4 fields · 5 citationsjingle · one word, four constructs

References

Abaluck, J., & Gruber, J. (2011). Choice Inconsistencies among the Elderly: Evidence from Plan Choice in the Medicare Part D Program. American Economic Review, 101(4), 1180-1210. https://doi.org/10.1257/aer.101.4.1180

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