We develop a model where individuals all have the same probability of becoming dependent and vote over the social long term care insurance contribution rate before buying additional private insurance and saving. We study three types of behavioral biases, all having in common that agents under-weight their dependency probability when taking private decisions. Sophisticated procrastinators antici...

We examine whether long-term care (LTC) experience helps explain the low demand for long-term care insurance (LTCI). We test if expectations about future informal care receipt, expectations about inheritance receipt, and LTCI purchase decisions vary between individuals whose parents or in-laws have used LTC versus those who have not. We find parental use of a nursing home decreases expectations...

Existing literature analyzing the choice of received long-term care by frail elderly (65+ years) predominantly focuses on physical and psychological conditions of elderly people as factors that infl uence the decision for a particular type of care. Until now, however, the regional in-patient long-term care supply has been neglected as infl uential factor in the individual’s decision-making proc...

This paper presents a decision making approach for mid-term scheduling of large industrial consumers based on the recently introduced class of Stochastic Dominance (SD)- constrained stochastic programming. In this study, the electricity price in the pool as well as the rate of availability (unavailability) of the generating unit (forced outage rate) is considered as uncertain parameters. Th...

Decision support often focuses on substantive rationality (what to choose). The procedural rationality (how to choose) of the process of long-term strategic decision making is then often neglected. In strategic decision making, supporting the decision process is more important than supporting the search for an ‘‘optimal’’ solution to the problem, especially since for most policy problems a well...

OBJECTIVES The objective of this review was to synthesize the findings of qualitative studies investigating the factors influencing antibiotic prescribing in long-term care facilities (LTCFs). These findings will inform the development of future antimicrobial stewardship strategies (AMS) in this setting. METHODS We searched Embase, PubMed, PsycInfo, Social Science Citations Index and Google S...

BACKGROUND In Japan, there is no decision-making guide regarding long-term tube feeding that specifically targets individuals making decisions on behalf of cognitively impaired older persons (substitute decision makers). The objective of this study was to describe the development and evaluation of such a decision aid. METHODS In this before-and-after study, participants comprised substitute d...