Willingness to Bear Economic Costs in the Fight Against the COVID-19 Pandemic.

ABSTRACT: The COVID-19 pandemic has created a situation in which people have to choose between economic and health values. This raises the question of what psychological mechanisms determine people's willingness to bear economic costs to protect health? To answer this question, we examined whether such willingness is better described by compensatory or lexicographic models of decision making in situations involving risk or uncertainty. We compared decisions regarding COVID-19 and occupational diseases to establish a pandemic-independent baseline and to determine whether the mechanisms behind the trade-offs are the same in both cases. Additionally, we tested whether people's willingness to accept economic costs is related to psychological factors such as fear, feeling of control, declared knowledge a

SUBMITTER: Sokolowska J 

PROVIDER: S-EPMC7653024 | biostudies-literature | 2020

REPOSITORIES: biostudies-literature