Do They Know What's at Risk? Health Risk Perception Among the Obese

Abstract:     
The perception of disease risks and risky health behaviors are closely associated. In this paper, we investigate the accuracy of disease risk perceptions among obese individuals. We compare subjective risk perceptions for various diseases elicited in the American Life Panel (ALP) to individual’s objective risks of the same diseases. We find that obese individuals significantly underestimate their 5-year risks of diabetes, arthritis or rheumatism, and hypertension, while they systematically overestimate their 5-year risks of a heart attack and a stroke. Obese individuals are thus aware of some but not all obesity-related risks. For given diseases, we document substantial heterogeneities in the accuracy of expectations across individuals.

Number of Pages in PDF File: 34

Keywords: obesity, health risk, subjective expectations

JEL Classification: I100, I180, D840

working papers series