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Publication . Preprint . 2020

Uncertainty and decision-making during a crisis: How to make policy decisions in the COVID-19 context?

Berger, Loïc; Berger, Nicolas; Bosetti, Valentina; Gilboa, Itzhak; Hansen, Lars,; Jarvis, Christopher; Marinacci, Massimo; +1 Authors
English
Published: 27 Jul 2020
Publisher: HAL CCSD
Country: France
Abstract
Policymaking during a pandemic can be extremely challenging. As COVID-19 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.
Subjects

model uncertainty, ambiguity, robustness, decision rules, [QFIN.RM]Quantitative Finance [q-fin]/Risk Management [q-fin.RM], [SDV.MHEP.MI]Life Sciences [q-bio]/Human health and pathology/Infectious diseases

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Funded byView all
ANR| IPS
Project
IPS
Idex Paris-Saclay
  • Funder: French National Research Agency (ANR) (ANR)
  • Project Code: ANR-11-IDEX-0003
,
ANR| INDUCED
Project
INDUCED
Integrating Deep Uncertainty in Climate Change Modelling
  • Funder: French National Research Agency (ANR) (ANR)
  • Project Code: ANR-17-CE03-0008
,
EC| RISICO
Project
RISICO
RISk and uncertainty in developing and Implementing Climate change pOlicies
  • Funder: European Commission (EC)
  • Project Code: 336703
  • Funding stream: FP7 | SP2 | ERC
,
ANR| ECODEC
Project
ECODEC
Réguler l'économie au service de la société
  • Funder: French National Research Agency (ANR) (ANR)
  • Project Code: ANR-11-LABX-0047
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