Joshua Gans discusses incorporating behavioural elements into epidemiological models of pandemics. While modelling behaviour by forward-looking rational agents can provide some insight into the time paths of pandemics, the non-stationary nature of Susceptible-Infected-Removed (SIR) models of viral spread makes characterisation of resulting equilibria difficult.
Image courtesy of Joshua Gans
Image courtesy of interviewee. February 10, 2021
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