Risk Management and Healthcare Policy (Jan 2022)
Determinants of Lifestyle Choices Among South Korean College Students: An Experimental Analysis
Abstract
Donata Bessey EastAsia International College, Yonsei University (Mirae Campus), Wonju, Gangwon-do, Republic of KoreaCorrespondence: Donata BesseyEastAsia International College, Yonsei University (Mirae Campus), Yonseidae-gil 1, Jeongui Hall, Wonju, 26493, Gangwon-do, Republic of KoreaTel +82-33-760-2276Email [email protected]: Based on theoretical predictions from human capital theory, the aim of this exploratory study is to analyze the relationship between experimentally elicited, incentivized economic preference parameters, Big Five and Grit personality traits, cognitive ability, and the Alameda Seven lifestyles: smoking, drinking excessively, being overweight or obese, experiencing stress, following a healthy diet, exercising, and sleeping enough. In addition, self-reported general physical and mental health are analyzed.Materials and Methods: Data collection took place in an incentivized paper-and-pencil experiment. Undergraduate students were recruited as subjects, with the requirement that they be freshmen, but no restrictions based on gender, major, or age. A pre-test and three experimental sessions were conducted in March and in April 2018, with a total of 178 subjects participating. After deleting observations with missing values, a total of n = 138 subjects remained. Regression analysis (multivariate probit models, resulting marginal effects and changes in predicted probabilities of adopting a lifestyle for “ideal types”) was used to analyze and compare the determinants of the Alameda Seven health behaviors.Results: Findings suggest that preference parameters, a measure of cognitive ability, and Big Five personality traits are statistically significantly estimated in regressions for the determinants of adopting Alameda Seven health behaviors, but the Grit score is only statistically significantly estimated in a regression for the determinants of reported better general mental health.Conclusion: The findings regarding preference parameters partly lend support to predictions from human capital theory and partly confirm previous findings in health psychology. Those results might be explained by the relatively small sample size and the inclusion of a measure of cognitive ability in addition to personality traits and preferences.Keywords: Alameda Seven, Big Five, personality traits, risk preference, time preference
