About: Behavioral economics in the time of coronavirus: rebellion or “willful ignorance” in the face of “grand challenges”

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About: Behavioral economics in the time of coronavirus: rebellion or “willful ignorance” in the face of “grand challenges” Goto Sponge NotDistinct Permalink

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Attributes	Values
type	Academic Article research paper schema:ScholarlyArticle
isDefinedBy	Covid-on-the-Web dataset
has title	Behavioral economics in the time of coronavirus: rebellion or “willful ignorance” in the face of “grand challenges”
Creator	Rao, Pritika
Source	PMC
abstract	This article considers the curious case of human behavior in the context of the coronavirus pandemic. We have observed that individuals, societies, and nations are exhibiting various irrationalities that are worth studying more closely. Applying the insights and research of reputed behavioral economists to these unprecedented circumstances, we explore possible explanations for individual and collective actions that appear, in many cases, to be highly counterintuitive. In the face of large-scale global issues, that Lazaric (2020) refers to as “grand challenges,” fraught with uncertainties and informational asymmetries, we delve deeper into the complexities of the factors that influence decision-making at various levels as we try to make sense of behavior. We wonder if reasons include the outright rejection of facts or perhaps the unwillingness to even receive information that has the potential adversely affect one’s welfare or self-interests—a tendency that Grossman and Van Der Weele (2017) term “willful ignorance.” We conclude with a few lessons and recommendations that can help understand and motivate behavior.
has issue date	2020-05-27(xsd:dateTime)
bibo:doi	10.1007/s43253-020-00015-2
has license	no-cc
sha1sum (hex)	df03c3d77d7cba570e678376b7e6cbc70e6a2e0f
schema:url	https://doi.org/10.1007/s43253-020-00015-2
resource representing a document's title	Behavioral economics in the time of coronavirus: rebellion or “willful ignorance” in the face of “grand challenges”
has PubMed Central identifier	PMC7250586
schema:publication	Rev Evol Polit Econ
resource representing a document's body	covid:df03c3d77d7cba570e678376b7e6cbc70e6a2e0f#body_text
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