Abstract

The covid-19 pandemic disease became part of the study of many scientific disciplines recently since its impact area is large and it threatened millions of lives. One of the important disciplines is public policy since the characteristics may easily influence the spread of covid-19. It is assumed that an individual’s irrational tendencies can increase this spread since they are highly correlated with the most important actions of prevention of the spread such as isolation, wearing a mask, and washing hands. Moreover, public policies can be effective in such a pandemic period if they take into consideration of individual’s irrational tendencies. Hence, in this study the psychological background of why individuals do not follow the regulations that can decrease the spread of covid-19 will be presented: cognitive biases and heuristics.

Highlights

  • As a well-known fact, the covid-19 pandemic disease spread worldwide and caused millions of death

  • Encouraging people to preventive attitudes must be the main focus of the public policies to decrease the spread of covid-19 (Soofi, Najafi, Karami-Matin, 2020)

  • It is assumed that the precautions can be the study of behavioral economics and insights from it may help to stop the spread of covid-19

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Summary

Introduction

As a well-known fact, the covid-19 pandemic disease spread worldwide and caused millions of death. The vaccinations were applied successfully to many people, the spread did not stop due to the new variants of the virus and the low speed of vaccinations. It is assumed that the precautions can be the study of behavioral economics and insights from it may help to stop the spread of covid-19. Not all people who are willing to do such healthy behaviors are doing them in real life and that is because of the nature of humans: avoiding small, short term pain and welcoming a bigger, long term pain which may even cause death. In the first section of this study, some cognitive biases and heuristics that may influence an individual’s preventive behaviors during pandemic periods will be discussed from the perspective of behavioral economics and bounded rationality. Of this study, rationality term in economics will be discussed

Rationality Term in Economics
Present Bias
Bandwagon Effect
Optimism Bias
Status Quo Bias
Framing Effect
Self Control Problem
Irrational Beliefs
Conclusion
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