Coronavirus Pandemic Shock, Economic Preferences, and Beliefs: An Online Survey Experiment
We rarely observe disasters that have such a rapid, severe, and widespread effect. The COVID-19 pandemic is one of these rare events, affecting nearly the entire planet. Despite the global nature of the crisis, people in different countries, and in different communities within the same country, are differentially exposed to the impact of this pandemic. Exposure to the COVID-19 pandemic will change the economic and social behaviour of large segments of the world’s population. These online survey experiments and data analyses will describe where, how, and why these changes have occurred. The survey experiments focus on preferences and beliefs that are central to our economic decision-making and well-being: attitudes towards risk, impatience, pro-social preferences, and our beliefs in public health and economic domains. The researchers believe the intensity of personal exposure to COVID-19 will significantly affect these preferences and beliefs, which in turn will have a dramatic impact on our economic and social behavior. The evidence will come from online experiments conducted in China, Italy, Chile, India, the UK, and the U.S., targeting communities with varying intensity of COVID-19 infections.
- Build resilience and protect the financial health of families and individuals
- Improve social-safety net responses
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