LIBERTY STREET ECONOMICS
Are People Overconfident about Avoiding COVID-19?
Rawley Heimer, Haoyang Liu, and Xiaohan Zhang
The authors elicited people’s perceptions of COVID 19 as a public health concern and as a personal concern—over the next three months through the following three years—within the May administration of the Survey of Consumer Expectations (SCE). They show that people view their personal risk of exposure as significantly lower than the public’s risk of exposure to COVID 19, a gap the authors refer to as overconfidence.
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