Taylor Randall, dean of the University of Utah’s business school, will be the new head of the university. He says he has “big ambitions” for the school and will strive to make it the most inclusive campus in the state.
“It’s a no brainer that we should be spending large amounts of money to reach herd immunity, and those amounts of money compared to what we’ve lost when you look at the economic impact of COVID-19, they don’t seem outrageous,” Milkman said.
Milkman, who has written a book How To Change, said people tend to overweight the small probability of winning a big prize.
“Even when there is a miniscule chance that you will win a jackpot, it’s really hard for us to conceive of small probabilities,” Milkman explained. “We distort probabilities when we think about them, and this is actually a really established effect, and it’s part of why people get so excited about lotteries.”
Now that the state of California is offering a cash lottery to incentivize vaccinations, there remains a very important question: Will it work? “Incentives are very effective at changing health behaviors, especially large incentives, and lottery incentives,” said Katy Milkman, PhD. Milkman, a professor at the University of Pennsylvania’s Wharton Business School, is a behavioral economist who praises efforts.
The Science Behind Vaccine Incentives tpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tpr.org Daily Mail and Mail on Sunday newspapers.
The Science Behind Vaccine Incentives wyomingpublicmedia.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wyomingpublicmedia.org Daily Mail and Mail on Sunday newspapers.