2021
DOI: 10.1016/j.jmateco.2020.11.008
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Learning versus habit formation: Optimal timing of lockdown for disease containment

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Cited by 18 publications
(21 citation statements)
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“…Indeed, trust in government has been an important factor that has affected several decisions made by the government on lockdowns and may have potentially affected its timing and intensity. 18 It has been suggested that lack of trust may well be rooted in historical practices in which minority groups were unethically exploited in medical experiments. 19 This may also explain why younger sections of the BAME population are less hesitant even though their objective risk of facing death or serious illness from the disease is lower.…”
Section: Discussionmentioning
confidence: 99%
“…Indeed, trust in government has been an important factor that has affected several decisions made by the government on lockdowns and may have potentially affected its timing and intensity. 18 It has been suggested that lack of trust may well be rooted in historical practices in which minority groups were unethically exploited in medical experiments. 19 This may also explain why younger sections of the BAME population are less hesitant even though their objective risk of facing death or serious illness from the disease is lower.…”
Section: Discussionmentioning
confidence: 99%
“…Finally, Bandyopadhyay et al . (2021) consider a model of a disease with unknown virulence to illustrate the trade‐off between learning and habit formation (e.g. social distancing, developing hygienic habit) that have opposing impacts on the timing of a lockdown.…”
Section: Introductionmentioning
confidence: 99%
“…Moreover, based on the prior probability of the disease being virulent, Bandyopadhyay et al . (2021) characterize the timing, intensity and duration of a lockdown with the above‐mentioned trade‐offs.…”
Section: Introductionmentioning
confidence: 99%
“…Without using simulations or calibration, but simple numerical calculations, we are able to estimate the level of testing capacity (4% to 7% of the population daily) that is needed to control the infection and safely reopen the economy and the society. Finally, Bandyopadhyay et al (2021) consider a model of a disease with unknown virulence to illustrate the trade-off between learning and habit formation (e.g. social distancing, developing hygienic habit) that have opposing impacts on the timing of a lockdown.…”
Section: Introductionmentioning
confidence: 99%
“…On the other hand, against this benefit of an early lockdown, their model shows that there is a cost from loss of information about the virulence and spread of the disease in the population in addition to a direct cost to the economy. Moreover, based on the prior probability of the disease being virulent, Bandyopadhyay et al (2021) characterize the timing, intensity and duration of a lockdown with the above-mentioned trade-offs.…”
Section: Introductionmentioning
confidence: 99%