How does loss aversion influence patient behavior and decision-making in healthcare settings?
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Loss aversion plays a significant role in patient behavior and decision-making in healthcare settings. Research indicates that loss framing, such as presenting incentives as potential losses rather than gains, can increase participation in health-related activities by enhancing trust in the promised incentives . Moreover, studies have shown that lower loss aversion is associated with risky behaviors like cigarette smoking, suggesting that loss aversion is a decision-making bias related to health risks . Additionally, loss aversion extends beyond monetary domains to influence decisions in other areas, such as food choices, highlighting its generalizability as a cognitive bias . Furthermore, the concept of "Time Loss Aversion" has been introduced, demonstrating how fear of time misallocation can motivate individuals to change behaviors, including reducing social media use, which has implications for health and well-being .
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| Papers (5) | Insight |
|---|---|
1 Citations | Loss aversion, specifically time loss aversion, motivates behavior change by fearing past time misallocation. Implementing this concept in healthcare settings could influence patient decisions towards better health outcomes. |
| Ambiguity loss aversion, particularly towards losses, influences decision-making by enhancing sensitivity to loss over gain, impacting patient behavior in healthcare settings. | |
16 Nov 2022 | Not addressed in the paper. |
| Loss aversion influences patient behavior in healthcare by being lower in current smokers compared to former and never smokers, indicating a potential risk factor for smoking. | |
| Loss framing in healthcare settings can influence patient behavior by increasing trust in incentives rather than triggering loss aversion, promoting preventive health behaviors through enhanced perceived incentive reliability. |
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