Here’s why society is reacting with panic to coronavirus
The containment and treatment of infectious diseases like Covid-19 are highly dependent on individual decision-making.Individuals are not always rational and will balance the perceived benefits of making contact against the perceived cost of the disease.The most effective response to outbreaks, such as Coronavirus, will take these behavioural insights, including the impact of panic on individual […]

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Hussein Hallak

Here’s why society is reacting with panic to coronavirus
  • The containment and treatment of infectious diseases like Covid-19 are highly dependent on individual decision-making.
  • Individuals are not always rational and will balance the perceived benefits of making contact against the perceived cost of the disease.
  • The most effective response to outbreaks, such as Coronavirus, will take these behavioural insights, including the impact of panic on individual decision-making, into account.

Infectious diseases have shaped economics for centuries – think about the Black Death, plague, cholera, Spanish flu and SARS. The new coronavirus (Covid-19) will most probably be added to this list and become part of our collective memory as an event that shaped societies and economies.



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