Ontology highlight
ABSTRACT:
SUBMITTER: Cao KH
PROVIDER: S-EPMC8391194 | biostudies-literature | 2021 Aug
REPOSITORIES: biostudies-literature
Cao Kang-Hua KH Damien Paul P Woo Chi-Keung CK Zarnikau Jay J
Healthcare (Basel, Switzerland) 20210809 8
A new decision rule based on net benefit per capita is proposed and exemplified with the aim of assisting policymakers in deciding whether to lockdown or reopen an economy-fully or partially-amidst a pandemic. Bayesian econometric models using Markov chain Monte Carlo algorithms are used to quantify this rule, which is illustrated via several sensitivity analyses. While we use COVID-19 data from the United States to demonstrate the ideas, our approach is invariant to the choice of pandemic and/o ...[more]