Knowledge, overconfidence, and behavior in COVID-19: results from an online survey

Guanlin Gao () and Danyang Li ()
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Guanlin Gao: Chaminade University of Honolulu
Danyang Li: Hofstra University

Economics Bulletin, 2022, vol. 42, issue 1, 215 - 223

Abstract: This study answers three questions: (1) how much correct information does the U.S. public possess about COVID-19; (2) whether they hold any misconceptions or suffer from any cognitive biases regarding COVID-19; and (3) how people's knowledge level and overconfidence affect their preventative behaviors. We examined individuals' objective and subjective knowledge levels and the relationship between their knowledge, overconfidence, and behaviors using 595 observations collected from an online survey. Our results show that people with less understanding of COVID-19 are more overconfident and are less likely to take preventative actions.

Keywords: COVID-19; knowledge; overconfidence; behaviors. (search for similar items in EconPapers)
JEL-codes: D8 I1 (search for similar items in EconPapers)
Date: 2022-02-20
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