Executive Health Administration

Four Ways Behavioral Economics Can Drive Smarter Decisions in Healthcare

[fa icon="calendar'] Mar 2, 2015 6:56:00 AM / by William D. Leach, Ph.D. posted in Pay-for-Performance, Health Policy, Health Economics, USC Schaeffer Center, Psychological Sciences, Accountable Care Organizations, Behavioral Economics

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In the 200-year history of the social sciences, no assumption about human nature has been more influential than the idea that people are basically rational and self-interested.  Rational self-interest is a defining premise in economics, and it has propagated throughout the social sciences to fields such as public administration and human resource management. If you want employees to work harder, the prescription is clear: pay them more when they perform well, and monitor their performance to detect and punish shirking.
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