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CINCH - Health Economics Research Center

Monday Health Economics Seminar


On Monday March 24h, 2017 John Buckell (Yale) will present his research project titled: 

US smokers' cigarette choice: risk perception, health loss aversion and inertia

Smoking remains the leading cause of death in the developed world. In recent years, e-cigarettes have gained traction as an alternative to cigarettes. In response to this, governments are developing a range of  market interventions to control their use. To maximize the impact of interventions, it is necessary to understand smokers’ behaviors.   Our findings indicate that both product preferences and reaction to risk vary by group. For some groups, there is an underlying preference for combustible cigarettes. Here, these individuals do not switch products irrespective of their beliefs about the relative risks of these products. In other groups, the preference for combustible cigarettes is weaker. Here, we are able to identify at what level of relative risk, on average, smokers will switch products. Introducing inertia reveals that it is not only current dual users (of combustible cigarettes and e-cigarettes) that are willing to switch; even staunch smokers of combustible cigarettes will switch if they believe the relative health risks are sufficiently large. Lastly, we find that smokers are loss averse in the health domain.

CINCH Academy


The CINCH Academy 2017 – Essen Summer School in Health Economics will take place from the 28th of August to the 3rd of September 2017. Lectures will be given by Owen O’Donnell (Erasmus University Rotterdam) and Fank Windmeijer (University of Bristol). The program consists of around 30 hours of lectures and 10 hours of paper presentations. These presentations will be chaired by Maksym Obrizan (Kyiv School of Economics). They provide the opportunity for participants to receive constructive feedback on their own work.

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