Rational policymaking during a pandemic

Loïc Berger, Nicolas Berger, Valentina Bosetti, Itzhak Gilboa, Lars Peter Hansen, Christopher Jarvis, Massimo Marinacci, Richard D. Smith

Research output: Contribution to journalReview articlepeer-review

Abstract

Policymaking during a pandemic can be extremely challenging. As COVID-19 is a new disease and its global impacts are unprecedented, decisions are taken in a highly uncertain, complex, and rapidly changing environment. In such a context, in which human lives and the economy are at stake, we argue that using ideas and constructs from modern decision theory, even informally, will make policymaking a more responsible and transparent process.

Original languageEnglish
Article numbere2012704118
JournalProceedings of the National Academy of Sciences of the United States of America
Volume118
Issue number4
DOIs
StatePublished - 26 Jan 2021

Keywords

  • Ambiguity
  • Model uncertainty
  • Robustness

Fingerprint

Dive into the research topics of 'Rational policymaking during a pandemic'. Together they form a unique fingerprint.

Cite this