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Behavioral Economics in the Epidemiology of the COVID-19 Pandemic: Theory and Simulations.
Marin-Lopez, Blas A; Jimenez-Gomez, David; Abellán-Perpiñán, José-María.
  • Marin-Lopez BA; Fundamentos del Análisis Económico (FAE), University of Alicante, 03690 Alicante, Spain.
  • Jimenez-Gomez D; Fundamentos del Análisis Económico (FAE), University of Alicante, 03690 Alicante, Spain.
  • Abellán-Perpiñán JM; Applied Economics Department, University of Murcia, 30100 Murcia, Spain.
Int J Environ Res Public Health ; 19(15)2022 08 03.
Article in English | MEDLINE | ID: covidwho-1969281
ABSTRACT
We provide a game-theoretical epidemiological model for the COVID-19 pandemic that takes into account that (1) asymptomatic individuals can be contagious, (2) contagion is behavior-dependent, (3) behavior is determined by a game that depends on beliefs and social interactions, (4) there can be systematic biases in the perceptions and beliefs about the pandemic. We incorporate lockdown decisions by the government into the model. The citizens' and government's beliefs can exhibit several biases that we discuss from the point of view of behavioral economics. We provide simulations to understand the effect of lockdown decisions and the possibility of "nudging" citizens in the right direction by improving the accuracy of their beliefs.
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Full text: Available Collection: International databases Database: MEDLINE Main subject: COVID-19 Type of study: Observational study / Systematic review/Meta Analysis Limits: Humans Language: English Year: 2022 Document Type: Article Affiliation country: Ijerph19159557

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Full text: Available Collection: International databases Database: MEDLINE Main subject: COVID-19 Type of study: Observational study / Systematic review/Meta Analysis Limits: Humans Language: English Year: 2022 Document Type: Article Affiliation country: Ijerph19159557