Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 63 , 28 December 2023
Open
Access | Article
Exploring Innovative Applications of Behavioral Economic Theories to Enhance Eczema Care and Outcomes
* Author to whom correspondence should be addressed.
Abstract
This study explores the innovative application of behavioral economic theories to enhance eczema care and improve patient outcomes. The research focuses on three potent strategies within the realm of behavioral economics: nudging, financial incentives, and digital interventions with commitment contracts. Incorporating financial incentives into eczema care can potentially bolster medication adherence, a critical component in effectively managing the chronic trajectory of this condition. By providing tangible rewards or incentives, patients may be motivated to adhere to prescribed treatment regimens more consistently. Furthermore, this paper underscores the transformative potential of digital interventions, particularly commitment contracts, in cultivating proactive and patient-centered approaches to disease management. Leveraging technology, these interventions have the potential to revolutionize healthcare delivery by promoting enhanced adherence and facilitating personalized and effective treatment paradigms. This research is grounded in a comprehensive review of contemporary studies, offering valuable insights into the effectiveness of these strategies. The findings of this study paint a promising picture for the future of eczema management, suggesting that the integration of behavioral economic principles can lead to more effective and patient-centric care, ultimately improving outcomes for individuals living with eczema.
Keywords
Behaviroal economics, Eczema Care, Nudging, Financial Incentives, Digital Interventions/Commitment Contract
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-227-5
- ISBN (Online)
- 978-1-83558-228-2
- Published Date
- 28 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/63/20231372
- Copyright
- 28 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited