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Emotions play a huge role in risk perception and decision-making. The article explores vaccine hesitancy, its present and history, along with its economic implications through the lens of behavioural economics. Cognitive biases such as the affect heuristic and the confirmation bias could explain the anti-vaccine sentiment during the initial phases of the pandemic as well as other irrational decisions that one might make at the mercy of the mind.
Read MoreAs it continues to grow apparent that there may never be a return to the “normal” that existed before the COVID-19 pandemic. People are making choices to not return to their jobs, to take strike and bargaining actions, and to withhold their labour. It is vital to understand the context and motivations underlying the public behaviour.
