Questions: 1. Explore an example that applies this theory to a health related de

Questions:
1. Explore an example that applies this theory to a health related decision of your choice (diet pills, exercising, drinking soda, etc.). Be sure to discuss the costs, benefits, and risks related to prospect theory present in your example.
2a. Discuss an example of how bounded rationality and/or bounded willpower contributed to a below average outcome in a health related situation or health related choice. What limits were present and how did they impact the decision? This can be a personal example, an example from an acquaintance, or an example from society.
2b. Once identifying recent published statistics regarding a chronic health disorder (ex. diabetes, smoking, obesity, excessive or binge drinking, etc.) or health choice (i.e. enrollment in health insurance option), discuss how bounded rationality contributes to the statistics you have identified.
Required Reading:
Attema, A. E., He, L., Cook, A. J., & Vilas, V. J. D. R. (2019). Unbiased assessment of disease surveillance utilities: A prospect theory application. PLoS neglected tropical diseases, 13(5), Retrieved from https://journals.plos.org/plosntds/article?id=10.1371/journal.pntd.0007364&rev=1
BehaviorEconomics.com (2019). Prospect Theory. Retrieved from: https://www.behavioraleconomics.com/resources/mini-encyclopedia-of-be/prospect-theory/
Bern-Klug, M., Singh, J., Liu, J., & Shinkunas, L. (2019). Prospect Theory Concepts Applied to Family Members of Nursing Home Residents with Cancer: A Good Ending Is a Gain. Journal of social work in end-of-life & palliative care, 1-21. Retrieved from https://www.tandfonline.com/doi/full/10.1080/15524256.2019.1580242?casa_token=ZUIVVvwws-YAAAAA:BUyrEEqJUHn1h67IvbYhpXE1rm1sQdUG1v5epfuIz2K_o2cw246IiH0-D66nrZ4eh93yKfOX8_BsTA
Centers for Disease Control (CDC). (2019). Chronic Disease Overview. Retrieved from https://www.cdc.gov/chronicdisease/about/index.htm
Maffetone, P. B., & Laursen, P. B. (2019). Decision-Making in Health and Fitness. Front. Public Health, 7(6). Retrieved from https://europepmc.org/articles/pmc6352612
Harley, A (2016). Prospect Theory and Loss Aversion: How Users Make Decisions. Neilsen Norman Group. Retrieved from https://www.nngroup.com/articles/prospect-theory/
Sanlam Investments. (2016). Prospect Theory [Video File]. Retrieved from https://www.youtube.com/watch?v=sM91d5I36Po (1:36)
Whysel, B. (2016). Health Insurance Enrollment: A Superhuman Decision. Decision Fish. Retrieved from http://www.decisionfish.com/health-insurance/
Bruce, A., & Lim, S. (2015). Prospect theory and body mass: characterizing psychological parameters for weight-related risk attitudes and weight-gain aversion. Retrieved from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4371555/pdf/fpsyg-06-00330.pdf
Fistenburg, S. (2013). Dr. Iris Firstenberg on Bounded Rationality [Video File]. Retrieved from https://www.youtube.com/watch?v=8WsE6f9_5Xo (2:42)
World Health Organization. (2014). The difficulty of making healthy choices and ‘health in all policies.’ Retrieved from http://www.who.int/bulletin/volumes/92/3/13-121673/en/