Uncertainty and Decision-Making During a Crisis: How to Make Policy Decisions in the COVID-19 Context? [open pdf - 0B]
From the Document: "Policymaking during a pandemic can be extremely challenging. As COVID-19 [coronavirus disease 2019] is a new disease and its global impacts are unprecedented, decisions need to be made in a highly uncertain, complex and rapidly changing environment. In such a context, in which human lives and the economy are at stake, we argue that using ideas and constructs from modern decision theory, even informally, will make policymaking more a responsible and transparent process."
Working Paper No. 2020-95
Becker Friedman Institute for Research in Economics
Becker Friedman Institute for Research in Economics: https://bfi.uchicago.edu/