L. Berger, Nicolas Berger, V. Bosetti, I. Gilboa, L. Hansen, C. Jarvis, M. Marinacci, Richard D. Smith
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Uncertainty and Decision-Making During a Crisis: How to Make Policy Decisions in the COVID-19 Context?
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.
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