Subjective but not objective numeracy influences willingness to pay for BRCA1/2 genetic testing
Journal Title: Judgment and Decision Making - Year 2014, Vol 9, Issue 2
Abstract
A positive test result for BRCA1/2 gene mutation is a substantial risk factor for breast and ovarian cancer. However, testing is not always covered by insurance, even for high risk women. Variables affecting willingness to pay (WTP) have implications for clinic-based and direct-to-consumer testing. The relative impact of objective and subjective numeracy on WTP, in the context of worry, perceived risk (of having the mutation and developing breast cancer) and family history, was examined in 299 high-risk women, not previously tested for BRCA1/2. Objective and subjective numeracy correlated positively with one another, yet only subjective numeracy correlated (positively) with WTP. This could not be explained by educational level or worry. In line with the numeracy result, other objective factors including family history, age, and Ashkenazi descent were not correlated with WTP. Perceived risk of having a mutation was also correlated with WTP, though perceived risk of developing breast cancer was not, perhaps because it lacks direct connection with testing. Thus, subjective confidence in the ability to interpret test results and perceived risk of a positive test result are more important drivers in paying for BRCA1/2 testing than factors more objective and/or further removed from the testing itself (e.g., perceived risk of developing cancer, family history). Findings underscore the need for genetic counselling that makes probabilistic information accessible and intelligible, so as to build confidence and promote accurate perception of mutation risk and ultimately better decision-making.
Authors and Affiliations
Talya Miron-Shatz, Yaniv Hanoch, Glen M. Doniger, Zehra B. Omer and Elissa M. Ozanne
Processing of recognition information and additional cues: A model-based analysis of choice, confidence, and response time
Research on the processing of recognition information has focused on testing the recognition heuristic (RH). On the aggregate, the noncompensatory use of recognition information postulated by the RH was rejected in sever...
A signal detection theory analysis of racial and ethnic disproportionality in the referral and substantiation processes of the U.S. child welfare services system
Signal detection theory (SDT) was developed to analyze the behavior of a single judge but also can be used to analyze decisions made by organizations or other social systems. SDT quantifies the ability to distinguish bet...
Post-error recklessness and the hot hand
Although post-error slowing and the “hot hand” (streaks of good performance) are both types of sequential dependencies arising from the differential influence of success and failure, they have not previously been studied...
Improved realism of confidence for an episodic memory event
We asked whether people can make their confidence judgments more realistic (accurate) by adjusting them, with the aim of improving the relationship between the level of confidence and the correctness of the answer. This...
Divergence between individual perceptions and objective indicators of tail risks: Evidence from floodplain residents in New York City
This study provides the first comprehensive analysis of individual perceptions of tail risks. It focuses not only on the probability, as has been studied by Nicholas Barberis and others, but also on anticipation of damag...