Time preferences and health behaviours

Time preferences and health behaviours

Time preferences are key parameters in economic models determining how much individuals invest in their health. Individuals with high rates of time preference (more present oriented) are less likely to invest in their health compared to individuals with low rates of time preference (more future oriented). This has been shown to hold with respect to a range of behaviours including smoking, alcohol, drug use and self-management behaviours such as medication adherence. This body of work explores a number of key research questions: (1) the role of present bias in health behaviours; (2) the role of time preference in the education–health relationship; and (3) the role of time preference in the intergenerational transfer of health behaviours.

HERU researchers involved in this research project: Marjon van der Pol

Publications

Brown, H. and Pol, M. van der (2015) 'Intergenerational transfer of time and risk preferences', Journal of Economic Psychology, 49(August), 187-204.

Galizzi, M. M., Miraldo, M., Stavropoulou, C. and Pol, M. van der (2016) 'Doctor–patient differences in risk and time preferences: a field experiment', Journal of Health Economics, 50, 171-182.

Pol, M. van der and Irvine, A. (2018) 'Time preferences for health', Oxford Research Encyclopedia of Economics and Finance, Oxford University Press, [Online textbook].

Presentations

Pol, M. van der (2010) 'Time and risk preferences and health investments', University of Calgary, Calgary, December 2010.

Pol, M. van der.(2011) 'Time preferences', NICE Citizen Council, London, November 2011.

Pol, M. van der (2012) 'Socioeconomic status, time preferences and health', SIRE Workshop on Value, Well-Being and Decisions, Stirling, April 2012.

Eberth, B., Pol, M. van der and Kemenev, D. (2014) 'Time preference, quasi-hyperbolic discounting and physical activity', Health Economists' Study Group (HESG) Meeting, Glasgow Caledonian University, Glasgow, 23-25 June 2014.

Eberth, B., Pol, M. van der and Kemenev, D. (2014) 'Quasi-hyperbolic discounting and physical activity', Health Economics in the Age of Longevity: a Joint iHEA & ECHE Congress, Trinity College, Dublin, 13-16 July 2014.

Pol, M. van der (2014) 'Understanding inequalities: the role of time preference', HERU conference celebrating 40 Years of Health Economics at Aberdeen University: a tribute to Professor Gavin Mooney, University of Aberdeen, 21 October 2014.

Pol, M. van der (2014) 'Measuring time preferences: insights from the health context', ESRC Behavioural Science Workshop: Preferences and Personality, University of Stirling, 21 November 2014

Pol, M. van der (2014) 'Time preference, present bias and physical activity', Health Economics Group Seminar, University of Exeter, 9 December 2014.

Pol, M. van der (2015) 'Present bias and physical activity', Behavioural Science Seminar, Behavioural Science Centre, University of Stirling, 25 March 2015.

Eberth, B., Pol, M. van der and Kemenev, D. (2015) 'Quasi-hyperbolic discounting and physical activity participation', Network for Integrated Behavioural Science (NIBS) Workshop, University of Nottingham, Nottingham, 21-23 April 2015.

Pol, M. van der (2015) 'Quasi-hyperbolic discounting and physical activity participation', Seminar, Centre of Health Economics Research (COHERE), University of Southern Denmark, Odense, Denmark, 4 November 2015.

Pol, M. van der (2016) 'Improving the measurement of time preferences', Workshop on Behavioural Science, Measurement and Policy, Behavioural Science Centre, University of Stirling, 15 April 2016.

Pol, M. van der (2016) 'Can we improve the measurement of time preference to enhance predictive validity of health behaviours?', European Health Economics Association Conference, 'Know the Ropes - Balancing Costs and Quality in Health Care', Universität Hamburg, Germany 13-16 July 2016.

Pol, M. van der (2016) 'Can we improve the measurement of time preference to enhance predictive validity of health behaviours?', Erasmus School of Economics, Erasmus University Rotterdam, Rotterdam, Netherlands, 20 October 2016.

Brown, H., Pol, M. van der and Daysal, M. (2017) 'Is blood thicker than water? Comparing the correlation in risk preferences between biological and adopted offspring', Nordic Health Economists' Study Group Meeting, National Institute for Health and Welfare, Helsinki, Finland, 23-25 August 2017.

Pol, M. van der (2018) 'Time and risk preferences and health', Mini-Conference in Behavioural Health Economics, University of Stirling, Stirling, 10 October 2018.

Pol, M. van der (2019) 'Optimising the design of financial incentives for health behaviours using (behavioural) economics', Behavioural Science Workshop: Health and Behaviour, University of Stirling, Stirling, 27 September 2019.

Pol, M. van der (2019) 'Time preferences for health', Melbourne Institute Seminar Series, University of Melbourne, Australia, 21 November 2019.