We use cookies to ensure that we give you the best experience on our website. By continuing to browse this repository, you give consent for essential cookies to be used. You can read more about our Privacy and Cookie Policy.

Durham Research Online
You are in:

The Impact of an Epidemic: Experimental Evidence on Preference Stability from Wuhan

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.

Item Type:Article
Full text:(AM) Accepted Manuscript
Download PDF
Publisher Web site:
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

Save or Share this output

Look up in GoogleScholar