Expectations, reference points, and compliance with COVID-19 social distancing measures
Guglielmo Briscese,
Nicola Lacetera,
Mario Macis and
Mirco Tonin
No 26916, NBER Working Papers from National Bureau of Economic Research, Inc
Abstract:
We surveyed representative samples of Italian residents at three critical points in the COVID-19 pandemic, to test whether and how intentions to comply with social-isolation restrictions respond to the duration of their possible extension. Individuals reported being more likely to reduce, and less likely to increase, their self-isolation effort if negatively surprised by a given hypothetical extension (i.e., if the extension is longer than what they expected), whereas positive surprises had no impact. These results are consistent with reference-dependent preferences, with individual expectations serving as a reference point, and loss aversion. Our findings indicate that public authorities should carefully manage expectations about policy measures and account for behavioral reactions to deviations from previous announcements.
JEL-codes: C42 D91 H12 H41 I12 (search for similar items in EconPapers)
Date: 2020-03
New Economics Papers: this item is included in nep-eec and nep-hea
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Citations: View citations in EconPapers (33)
Published as Briscese, Guglielmo & Lacetera, Nicola & Macis, Mario & Tonin, Mirco, 2023. "Expectations, reference points, and compliance with COVID-19 social distancing measures," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 103(C).
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