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Risk attitudes and human mobility during the COVID-19 pandemic

Title data

Chan, Ho Fai ; Skali, Ahmed ; Savage, David A. ; Stadelmann, David ; Torgler, Benno:
Risk attitudes and human mobility during the COVID-19 pandemic.
In: Scientific Reports. Vol. 10 (2020) . - 19931.
ISSN 2045-2322
DOI: https://doi.org/10.1038/s41598-020-76763-2

Official URL: Volltext

Abstract in another language

Behavioural responses to pandemics are less shaped by actual mortality or hospitalisation risks than they are by risk attitudes. We explore human mobility patterns as a measure of behavioural responses during the COVID-19 pandemic. Our results indicate that risk-taking attitudes are a critical factor in predicting reductions in human mobility and social confinement around the globe. We find that the sharp decline in mobility after the WHO (World Health Organization) declared COVID-19 to be a pandemic can be attributed to risk attitudes. Our results suggest that regions with risk-averse attitudes are more likely to adjust their behavioural activity in response to the declaration of a pandemic even before official government lockdowns. Further understanding of the basis of responses to epidemics, e.g., precautionary behaviour, will help improve the containment of the spread of the virus.

Further data

Item Type: Article in a journal
Refereed: Yes
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Economics > Professor Economic Policy and Development Economics > Professor Economic Policy and Development Economics - Univ.-Prof. Dr. David Stadelmann
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics > Professor Economic Policy and Development Economics
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 29 May 2021 21:00
Last Modified: 10 Jun 2024 11:20
URI: https://eref.uni-bayreuth.de/id/eprint/65530