Navigating uncertainty: Why we need decision theory during a pandemic
E-Mail IMAGE: Modern decision theory can assist policymakers in critical times such as the COVID-19 crisis, argue Bocconi University's Massimo Marinacci and Valentina Bosetti in a paper coauthored by Nobel laureate Lars... view more Credit: Paolo Tonato During a pandemic, decisions have to be made under time pressure and amid scientific uncertainty, with potential disagreements among experts and models. With COVID-19, especially during the first wave, there was uncertainty about the virus transmissibility, the disease severity, the future evolution of the pandemic and the effectiv...
Source: eurekalert.org