Why Do People Object to the Use of Viagra and Similar

question 164

Multiple Choice

Why do people object to the use of Viagra and similar drugs being voluntarily covered by health insurance companies but fail to object to birth control pills not being covered unless mandated by law?

• A) Viagra is much more expensive than birth control pills.
• B) The reason is ageism; Viagra is used by older people, while birth control is used by younger people.
• C) Viagra is a trade drug; birth control pills are largely generic.
• D) The reason may be the sexual double standard; sex is considered okay for men but not for women.

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Definitions:

Payoff Table

A tabular representation of the outcomes or payoffs associated with each possible action and state of nature, used in decision-making processes.

Prior Probabilities

The probabilities of different outcomes or hypotheses as assessed before taking into account new evidence or data.

Likelihood Probabilities

The probability of observing the given data under different parameter values of a statistical model, often used in the context of estimating those parameters.

Expected Payoff

The predicted value of an investment or decision under uncertainty, calculated as the sum of all possible outcomes weighed by their probabilities.