Replies for peers. Need ONE Response Per Each Discussion Total 4 Responses. Attached Are The Discussions And Rubric Please Follow Them. Posts Will Be A Minimum Of 100 Words, APA Format.One Reference Per Each Discussion

 

Anna Garcia

Behavioral economics have been found helpful when making healthcare decisions. As a result of their emotionality and cognitive peculiarities, individuals are unable to properly assess the benefits and risks of various decisions.

Behavioral economics is helpful as it integrates psychology and economics to examine why individuals make incorrect judgements and how and why their actions vary from what mainstream economists predict. They help most individuals make choices like whether to lead a healthy lifestyle, how much to spend on pensions, and so on at various time in their lives. It aims to understand why some people picks choice A over option B (Calderin, n.d).

Behavioral economists have several ideas that depend on psychology instead of standard economic concepts to understand people's behavior. They belief that patients and doctors are "expectedly illogical" in their judgement call since they adhere to anticipated and obvious human defects is among them (Goroll & Mulley, 2012). Behavioral economists suggest that initiatives aiming at supporting individuals to adopt healthy habits, rewarding physicians to implement evidence-based guidelines, or providing better quality healthcare will achieve disappointing outcomes unless its irrationality is recognized.

Behavioral economics has enabled individuals and families conserve money on energy, new workers start saving and investing from the first day, and relatively recently, health care professionals and patients modifying their habits. Independent decision is enhanced by integrating information from psychology, economy, and branding. In this case, reduced nudges are employed in behavioral economics to aid individuals make better choices and avoid unfavorable ones. Rather than mandating, the nudges give individuals some level of independence and influence. Humans make judgments which are not in their greatest advantage since they are emotionally and constantly distracted.

References:

Calderin, C. Claudia Calderin Nursing informatics is known as the science that integrates information, co.

Goroll, A. H., & Mulley, A. G. (2012). Primary care medicine: office evaluation and management of the adult patient. Lippincott Williams & Wilkins.

 Taymir Torres

Behavioural economics is a broad field that studies how psychological and social factors influence an individual's ability to make better decisions when dealing with healthcare outcomes. Economic decisions are made based on how a person perceives the decision's economic impact. There is a significant difference between behavioural economics and traditional economics (Beerbaum & Puaschunder, 2019). Behavioural economics realizes that humans make irrational decisions based on present circumstances, emotional satisfaction, and social environment. For example, eating junk food may be preferred to a balanced diet because of its sweetness's passionate attraction to junk food.

Ambiguity aversion is a behavioural economic principle that underscores the tendency of a human being to favour the known risk compared to the unknown dangers. Since people always focus on the risks they understand, having a clear understanding of how the negative behaviours such as physical inactivity and inability to eat junk food possess a known risk and since information on the lifestyle risk factors leading to diseases, understanding the risks enables me work towards avoiding the known risk (Vlaev et al., 2019). Healthcare experts can use the behavioural economics principle of ambiguity aversion to making known the risks of all behaviours. The people will work hard to avoid the risks factors known to them.

Family health is an important parameter that helps in improving happiness and quality of life. When I change behaviour to improve better health outcomes, I will share the risk factors with my family and influence them to change behaviour to avoid the risk of diseases and save the family money and time spent in hospitals courtesy of poor lifestyles. Henceforth, I will teach my family about the negative impacts of junk food, lack of physical exercise, and other unhealthy lifestyle and the overall adverse effects (Jenssen et al., 2019). When the family understand the risk factor associated with the negative behaviours, a behavioural change is a likely to be embraced and consequently better health achieved.

References

Beerbaum, D., & Puaschunder, J. M. (2019). A behavioural economics approach to digitalization: The case of a principles-based taxonomy. In Intergenerational Governance and Leadership in the Corporate World: Emerging Research and Opportunities (pp. 107-122). IGI Global. https://www.researchgate.net/publication/333128490_A_Behavioral_Economics_Approach_to_Digitalization_The_Case_of_a_Principles-Based_Taxonomy

Jenssen, B. P., Buttenheim, A. M., & Fiks, A. G. (2019). Using behavioral economics to encourage parent behavior change: opportunities to improve clinical effectiveness. Academic pediatrics, 19(1), 4-10. https://doi.org/10.1016/j.acap.2018.08.010

Vlaev, I., King, D., Darzi, A., & Dolan, P. (2019). Changing health behaviors using financial incentives: a review from behavioral economics. BMC public health, 19(1), 1-9. https://bmcpublichealth.biomedcentral.com/articles/10.1186/s12889-019-7407-8

 

 

Bottom of Form