Posts tagged COVID-19
Bound by Irrationality: It's all in your head!

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.

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Bounded by Irrationality

The cognitive capabilities of our minds constrain us from being the ‘rational economic agents’ that mainstream economic models theorize us as. Exploring decision-making by governments and individuals during the pandemic, through the lens of behavioral economics, can unravel the many cognitive delusions that we fall prey to.

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The Future of Privacy in an Era of Big Tech and COVID-19

With the advent of smart devices infiltrating the home and our increasing dependency of using technology within our day to day lives, the opportunity for data collection has grown exponentially over the past decade. The nascent exploration into privacy concerns have only started to become at the forefront of discussion where, in recent years, issues have become popularized by news outlets and media. In a 2013 speech by US Federal Trade Commissioner Julie Brill, she points to the potentially insidious intentions of firms “without our knowledge or consent [to] amass large amounts of private information about people to use for purposes we don’t expect or understand.” These concerns, however, have become a lot more alarming amidst the backdrop of the COVID-19 pandemic.

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The New Normal

What we are witnessing with COVID-19 is the loss of some of the emergent properties of human beings interacting and gathering - the breakdown of systems that keep us safe, warm, fed, and, just as importantly, well socialized.

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