Behavioral economics of the Covid-19 pandemic

David Jimenez-Gomez and José María Abellán Perpiñán
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David Jimenez-Gomez: University of Alicante, Fundamentos del Análisis Económico (FAE)
José María Abellán Perpiñán: University of Murcia, Economics Department

EKONOMIAZ. Revista vasca de Economía, 2021, vol. 100, issue 02, 26-41

Abstract: We study the Covid-19 pandemic from the point of view of behavioral economics, which combines economics and psychology. We analyze the biases (for example, optimism bias) that may have had a greater impact on decision-making regarding the pandemic, as well as potential public health policies from a behavioral economics perspective. We contrast the use of «nudges» (non-coercive measures that do not use economic incentives) with legislative measures, and we advocate for a comprehensive approach that jointly uses the best interventions available, to generate healthy habits (that reduce the transmission of the virus). Finally, we apply this approach to the promotion of vaccination.

Keywords: COVID-19; behavioral economics; health behavior change; nudging (search for similar items in EconPapers)
JEL-codes: D9 I12 I18 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ekz:ekonoz:2021202

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