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Mind & Society

Addressing threats like Covid: why we will tend to over-react and how we can do better

  • 08-03-2022
Published in:
Author
Mark Pingle
Published in
Mind & Society | Issue 1/2022

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Abstract

The article delves into the complex interplay between private and public responses to health threats like Covid-19. It discusses the concept of externalities and how government interventions aim to mitigate them. The author explores behavioral economics principles such as status quo bias, loss aversion, and risk perception to explain why over-reactions occur. Additionally, the article critiques various government policies and their economic impacts, suggesting that a more balanced approach is needed. The author concludes by proposing strategies to improve decision-making and adapt better to future health threats.
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previous article Multi-player electoral engineering and COVID-19 in the polish presidential elections in 2020
next article Monty Hall three door ’anomaly’ revisited: a note on deferment in an extensive form game
Title
Addressing threats like Covid: why we will tend to over-react and how we can do better
Author
Mark Pingle
Publication date
08-03-2022
Publisher
Springer Berlin Heidelberg
Published in
Mind & Society / Issue 1/2022
Print ISSN: 1593-7879
Electronic ISSN: 1860-1839
DOI
https://doi.org/10.1007/s11299-022-00288-6
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