Perhaps one of the most frustrating aspects of the COVID-19 outbreak is determining your “risk profile.” Am I at at high or low risk of getting the disease? What are the likely outcomes if I do become sick? Giving the nature of the COVID-19 pandemic, and pandemics generally, there is a scarcity of data available, particularly in real time. In addition, it is hard to assess the quality of the data that is available and...
An outcome of the COV-19 pandemic is the routine, and in many cases improper, use of personal protective equipment (PPE) by the general public. This article will address some of the issues associated with such widespread deployment. A concept from the world of insurance, “moral hazard,” should be kept in mind. Simply put, a moral hazard is when a person with insurance engages in more risky behavior then they otherwise would have because the behavior is...
“Disinformation vulnerability,” i.e., vulnerability to inaccurate, misleading or incomplete information is oftentimes a byproduct of asymmetric information. Such inaccurate, misleading or incomplete information may be disseminated innocently or by design. The “degree” of vulnerability is a function of: the perceived or real expertise of the information provider; the importance to the recipient of the subject matter to which the information relates; and ready access to alternative sources of reliable information. Information disseminated by a perceived...
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