Rational policymaking during a pandemic
Berger L., Berger N., Bosetti V., Gilboa I., Hansen L.P., Jarvis C., Marinacci M., Smith R. D., (2021), Rational policymaking during a pandemic, Proceedings of the National Academy of Sciences, Jan 2021, 118 (4) e2012704118, DOI: 10.1073/pnas.2012704118, webpage
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.