In a Field Experiment, a Man Who Did Not Need

question 11

Multiple Choice

In a field experiment, a man who did not need dental treatment consulted 180 dentists. 50 dentists recommended at least one filling. Explain the moral hazard.

• A) The "patient" was less well informed about his condition than the dentists.
• B) The 50 dentists exploited his ignorance to recommend treatment that was unnecessary but would increase their earnings.
• C) Both a and b.
• D) Neither a nor b.

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Definitions:

Political conservatism

A political and social philosophy promoting traditional institutions, practices, and customs, often in opposition to radical changes.

Survey archive

A repository or collection of survey data that is preserved for future research, reference, or analysis.

Inter University Consortium

An Inter University Consortium is a collaborative partnership between universities to pool resources, expertise, and facilities for mutual benefit.

Case studies

In-depth investigations of a single person, group, event, or community, often used for detailed examination.