Rational policymaking during a pandemic.

Loïc Berger ORCID logo; Nicolas Berger ORCID logo; Valentina Bosetti ORCID logo; Itzhak Gilboa ORCID logo; Lars Peter Hansen ORCID logo; Christopher Jarvis ORCID logo; Massimo Marinacci ORCID logo; Richard D Smith ORCID logo; (2021) Rational policymaking during a pandemic. Proceedings of the National Academy of Sciences of the United States of America, 118 (4). e2012704118-e2012704118. ISSN 0027-8424 DOI: 10.1073/pnas.2012704118
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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.



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