Mass media routinely portray information about COVID-19 deaths on logarithmic graphs. But do their readers understand them? Experimentation suggests that they don’t. What is perhaps more relevant: Respondents looking at a linear scale graph have different attitudes and policy preferences towards the pandemic than those shown the same data on a logarithmic graph. Merely changing the scale the data is presented on can alter public policy preferences and the level of worry, even at a time when people are routinely exposed to a lot of COVID-19 related information. … More Flatten the (Logarithmic) Curve
Economics is often described as insular from other social sciences. Alexandre Truc shares the results of research mapping thee content of more than 5000 articles and their references. The research reveals fascinating trends and differences between the various clusters of behavioural economic research. This includes a shift towards greater diversity of disciplines involved in behavioural economics, and thus a relative decline in the role for psychology. Nevertheless, the research shows that the rise of behavioural economics has served more generally as a bridge for the psychology into economics. … More Has Behavioural Economics made Economics less insular?
Governments are facing two difficult policy challenges: managing the transition from a COVID19 lockdown, and establishing a “new normal”. Individuals and policymakers may now recognise the importance of wellbeing as an outcome from their actions. Behavioural insights have much to offer in tackling these challenges, and incorporating wellbeing into public policies. … More Plus ca change?