Journal article
On the effect of uncertainty on personal vaccination decisions
Health economics, Vol.30(11), pp.2937-2942
11/2021
DOI: 10.1002/hec.4405
PMCID: PMC9290645
PMID: 34346125
Abstract
This study investigates the effect of ambiguity on personal vaccination decisions. We first characterize the vaccination decision in the absence of ambiguity. We then show that uncertainty about the probability of side effects and the efficacy of the vaccine always reduces take‐up under ambiguity aversion. However, uncertainty about the underlying disease, being the probability of sickness or the probability of a severe course of disease, may either encourage or discourage vaccination. Our results are relevant for policy because reducing uncertainty associated with the vaccine always has the desired effect whereas reducing uncertainty associated with the disease may have unintended consequences.
Details
- Title: Subtitle
- On the effect of uncertainty on personal vaccination decisions
- Creators
- Christophe Courbage - HES-SO University of Applied Sciences and Arts Western SwitzerlandRichard Peter - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Health economics, Vol.30(11), pp.2937-2942
- DOI
- 10.1002/hec.4405
- PMID
- 34346125
- PMCID
- PMC9290645
- NLM abbreviation
- Health Econ
- ISSN
- 1057-9230
- eISSN
- 1099-1050
- Number of pages
- 0
- Language
- English
- Date published
- 11/2021
- Academic Unit
- Finance
- Record Identifier
- 9984380412202771
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