Science – Behavioral and Brain Science – InsuranceNewsNet

2022 SEP 23 (NewsRx) — By a News Reporter-Staff News Editor at Insurance Daily News — Fresh data on behavioral and brain science are presented in a new report. According to news reporting out of Lawrence, Kansasby NewsRx editors, research stated, “Consumers decide what to purchase, under conditions of constraint (eg, commodity price).”

Financial supporters for this research include University of Kansas; National Institute on Drug Abuse.

Our news reporters obtained a quote from the research from University of Kansas: “According to behavioral economic demand, commodity purchase task (CPT) can measure hypothetical decisions about purchases under varied simulated policy conditions (eg, introduction of new cigarette taxes, happy hour drinking specials). These tasks permit rapid data collection without sacrificing methodological rigor or the validity of conclusions reached. The CPT allows researchers to simulate new policies, to determine their relative risks and benefits, thus offering an opportunity to optimize prior to rollout. Behavioral outcomes related to consumer purchases also make the CPT data readily translatable to policymakers, including constituent health behavior.”

According to the news editors, the research concluded: “This article provides a background on CPTs, a review of literature related to policy-aimed CPTs, and a start on best practices for other behavioral scientists interested in applying CPT to inform public policy efforts. It also serves as a primer for policymakers seeking to evaluate usage of this tool.”

For more information on this research see: Behavioral Economic Demand: How Simulated Behavioral Tasks Can Inform Health Policy. Policy Insights from the Behavioral and Brain Sciences, 2022,9(2). The publisher for Policy Insights from the Behavioral and Brain Sciences is SAGE Publications.

A free version of this journal article is available at https://doi.org/10.1177/23727322221118668.

Our news journalists report that more information may be obtained by contacting Derek D Reed, Department of Applied Behavioral Science, University of Kansas, Lawrence ks., United States. Additional authors for this research include Brett W Gelino, Justin C Strickland.

ORCID is an identifier for authors and includes bibliographic information. The following is ORCID information for the author of this research: Derek D Reed (http://orcid.org/0000-0002-5854-3425).

(Our reports deliver fact-based news of research and discoveries from around the world.)

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