The Relationship Between Behavioral Economics and Mental Health in Iceland: Translation and Validation of Novel Measurement Tools
Year: 2024
Type: dissertation
Study design: Observational Study
Abstract: Behavioral economics is a growing subfield that combines economics and psychology. Delay discounting and demand are well studied concepts within the field. This study addressed methodological problems with translated behavioral economic measurements. The aims were three; to examine the effectiveness of two new behavioral economic measurements, to compare levels of delay discounting and demand between a clinical and non-clinical group, and to examine the relationship between behavioral economics and depression and anxiety in Iceland. The PHQ-9, GAD-7, and two new versions of the Monetary Choice Questionnaire and the Hypothetical Purchase Task were sent out via surveys. For measuring delay discounting the 54% scaled MCQ was preferable over the 27% scaled MCQ. For measuring demand, the HPT with a soft drink as a commodity was preferable. It had higher demand and demand elasticity than the HPT with a toilet paper roll. No significant relationship was found between mental health and behavioral economic variables. This study provides valuable information on novel translated behavioral economic measurements and on the relationship between mental health and behavioral economics. \nKeywords: behavioral economics, delay discounting, demand, depression, anxiety, \nnovel measurement tools
Source: Skemman
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7042916518