Shachat, J. and Walker, M.J. and Wei, L. (2021) 'The Impact of an Epidemic: Experimental Evidence on Preference Stability from Wuhan.', AEA Papers and Proceedings, 111 . pp. 302-306.
We examine how the outbreak of the COVID-19 virus in the Hubei province of China impacted pro-social behavior and attitudes toward risk and uncertainty. The study repeatedly applies a panel of financially incentivized individual and strategic decision tasks via the WeChat social media platform to a population of preregistered Wuhan University students. We find that the initial outbreak coupled with the lock-down of Wuhan City led to an uptick in altruism, trust, and ambiguity aversion and a downtick in risk aversion. Over the remaining samples, we observed that all measurements return to baseline levels except for risk aversion.
|Full text:||(AM) Accepted Manuscript|
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|Publisher Web site:||https://www.aeaweb.org/articles?id=10.1257/pandp.20211002&ArticleSearch%5Bwithin%5D%5Barticletitle%5D=1&ArticleSearch%5Bwithin%5D%5Barticleabstract%5D=1&ArticleSearch%5Bwithin%5D%5Bauthorlast%5D=1&ArticleSearch%5Bq%5D=The+Impact+of+an+Epidemic%3A+Experime|
|Publisher statement:||Copyright © 2021 AEA|
|Date accepted:||11 February 2021|
|Date deposited:||26 August 2021|
|Date of first online publication:||31 May 2021|
|Date first made open access:||26 August 2021|
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