A behavioral economics perspective on the COVID-19 vaccine amid public mistrust

TitleA behavioral economics perspective on the COVID-19 vaccine amid public mistrust
Publication TypePublication
Year of Publication2021
AuthorsSaleska JLonderee, Choi KR
JournalTransl Behav Med
Volume11
Issue3
Pagination821-825
Date Published2021 04 07
ISSN1613-9860
KeywordsAdult, COVID-19 Vaccines, Decision Making, Economics, Behavioral, Health Knowledge, Attitudes, Practice, Humans, United States
Abstract

<p>The COVID-19 vaccine development, testing, and approval processes have moved forward with unprecedented speed in 2020. Although several vaccine candidates have shown promising results in clinical trials, resulting in expedited approval for public use from the U.S. Food and Drug Administration, recent polls suggest that Americans strongly distrust the vaccine and its approval process. This mistrust stems from both the unusual speed of vaccine development and reports about side effects. This article applies insights from behavioral economics to consider how the general public may make decisions around whether or not to receive a future COVID-19 vaccine in a context of frequent side effects and preexisting mistrust. Three common cognitive biases shown to influence human decision-making under a behavioral economics framework are considered: confirmation bias, negativity bias, and optimism bias. Applying a behavioral economics framework to COVID-19 vaccine decision-making can elucidate potential barriers to vaccine uptake and points of intervention for clinicians and public health professionals.</p>

DOI10.1093/tbm/ibaa147
Alternate JournalTransl Behav Med
PubMed ID33764463
PubMed Central IDPMC8033588
Grant ListK12 HS026407 / HS / AHRQ HHS / United States
P30 MH058107 / MH / NIMH NIH HHS / United States
T32 MH109205 / MH / NIMH NIH HHS / United States
U19 HD089886 / HD / NICHD NIH HHS / United States