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Uncertainty and decision-making during a crisis: How to make policy decisions in the COVID-19 context?

Authors: Berger, Loïc; Berger, Nicolas; Bosetti, Valentina; Gilboa, Itzhak; Hansen, Lars,; Jarvis, Christopher; Marinacci, Massimo; +1 Authors

Uncertainty and decision-making during a crisis: How to make policy decisions in the COVID-19 context?

Abstract

Policymaking during a pandemic can be extremely challenging. As COVID-19 is a new disease and its global impacts are unprecedented, decisions need to be made 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 more a responsible and transparent process.

Country
France
Keywords

decision rules, [SDV.MHEP.MI]Life Sciences [q-bio]/Human health and pathology/Infectious diseases, ambiguity, model uncertainty, robustness, [QFIN.RM]Quantitative Finance [q-fin]/Risk Management [q-fin.RM]

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  • citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Funded byView all
EC| RISICO
Project
RISICO
RISk and uncertainty in developing and Implementing Climate change pOlicies
  • Funder: European Commission (EC)
  • Project Code: 336703
  • Funding stream: FP7 | SP2 | ERC
,
ANR| ECODEC
Project
ECODEC
Réguler l'économie au service de la société
  • Funder: French National Research Agency (ANR) (ANR)
  • Project Code: ANR-11-LABX-0047
iis
,
ANR| INDUCED
Project
INDUCED
Integrating Deep Uncertainty in Climate Change Modelling
  • Funder: French National Research Agency (ANR) (ANR)
  • Project Code: ANR-17-CE03-0008
iis
,
EC| INDIMACRO
Project
INDIMACRO
Individual decisions and macroeconomic robustness
  • Funder: European Commission (EC)
  • Project Code: 670337
  • Funding stream: H2020 | ERC | ERC-ADG
iis
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