How Sure Can We Be about a COVID-19 Test Result if the Tests Are Not Perfectly Accurate?
Allan Dizioli and
Roberto Pinheiro
Economic Commentary, 2021, vol. 2021, issue 12, 4
Abstract:
In this Commentary, we show how the interpretation of test results is affected by a test’s reliability rate. Moreover, we discuss how test fallibility may affect the use of tests as a tool to curb the spread of a disease. In particular, we show how administering inexpensive and less precise tests that can be conducted multiple times may be a more efficient way of curbing the pandemic than administering expensive more precise tests once.
Keywords: COVID-19 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.26509/frbc-ec-202112
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