B. Towards a concept of bounded rationality

Roo, A.A. de

doi:10.1016/0168-8510(90)90013-4

Search citation statements

Order By: Relevance

Paper Sections

Select...

The Problems Facing the Elderly1

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2006

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

(1 citation statement)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Although Simon's work has been highly influential in several disciplines, it has had little impact on health policy (but see de Roo 1990; Smith and Bayazitoglu 1993). At the same time, Simon and others have largely neglected to broaden their research methodology to encompass elderly people's decision‐making processes.…”

Section: The Problems Facing the Elderlymentioning

confidence: 99%

Can Limiting Choice Increase Social Welfare? The Elderly and Health Insurance

Hanoch

Rice

2006

Milbank Quarterly

View full text Add to dashboard Cite

Herbert Simon's work on bounded rationality has had little impact on health policy discourse, despite numerous supportive findings. This is particularly surprising in regard to the elderly, a group marked by a decline in higher cognitive functions. Elders' cognitive capacity to make decisions will be challenged even further with the introduction of the new Medicare prescription drug benefit program, mainly because of the many options available. At the same time, a growing body of evidence points to the perils of having too many choices. By combining research from decision science, economics, and psychology, we highlight the potential problems with the expanding health insurance choices facing the elderly and conclude with some policy suggestions to alleviate the problem.

show abstract

Section: The Problems Facing the Elderlymentioning

confidence: 99%