Choice Under Uncertainty and the Demand for Health Insurance

M. Susan Marquis, Martin R. Holmer

ResearchPublished 1986

This Note uses data on families' preferences for insurance to estimate and compare several models of decisionmaking under risk. By characterizing health insurance as a risky prospect and specifying structural models of prospect choice, the models estimated here differ from previous empirical models of health insurance demand in that they can be used to analyze choice among any number of arbitrarily defined plans. The ability to generalize beyond the number and type of plans present in the data is essential for policy analysis, because it permits the examination of policy options outside current experience.

Order a Print Copy

Format
Paperback
Page count
59 pages
List Price
$23.00
Buy link
Add to Cart

Topics

Document Details

  • Copyright: RAND Corporation
  • Availability: Available
  • Year: 1986
  • Print Format: Paperback
  • Paperback Pages: 59
  • Paperback Price: $23.00
  • Document Number: N-2516-HHS

Citation

RAND Style Manual
Marquis, M. Susan and Martin R. Holmer, Choice Under Uncertainty and the Demand for Health Insurance, RAND Corporation, N-2516-HHS, 1986. As of September 12, 2024: https://www.rand.org/pubs/notes/N2516.html
Chicago Manual of Style
Marquis, M. Susan and Martin R. Holmer, Choice Under Uncertainty and the Demand for Health Insurance. Santa Monica, CA: RAND Corporation, 1986. https://www.rand.org/pubs/notes/N2516.html. Also available in print form.
BibTeX RIS

This publication is part of the RAND note series. The note was a product of RAND from 1979 to 1993 that reported miscellaneous outputs of sponsored research for general distribution.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.