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Homework answers / question archive / Which insights from Behavioural Economics can help governments devise an optimal policy to halt the spread of COVID?19? Discuss the pros and cons of alternative policies paying particular attention to relevant behavioural factors that need to be taken into account

Which insights from Behavioural Economics can help governments devise an optimal policy to halt the spread of COVID?19? Discuss the pros and cons of alternative policies paying particular attention to relevant behavioural factors that need to be taken into account

Economics

Which insights from Behavioural Economics can help governments devise an optimal policy to halt the spread of COVID?19? Discuss the pros and cons of alternative policies paying particular attention to relevant behavioural factors that need to be taken into account. Feel free to include actual examples of government policies (anywhere in the world) that have been/are being implemented and examples of such that could be implemented

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Behavioral economics has indicated us that NUDGES – an idea advocated by Richard Thaler and lawful researcher Cass Sunstein in their 2008 book – can be pivotal in getting the important reaction from people, which thusly can decide the achievement or disappointment of strategy.

Positive or expert :

NUDGES represents iNcentives, Understand mappings, Defaults, Give input, Expect blunder, Structure complex decisions. As I would see it, N, U, and S are of prime significance for the accomplishment of the public authority's approaches to handle the drop out from Covid-19.

One-stop helpline:

the alleviation bundle helps every layer of the general public:

Motivating forces to :

Transient every day wage laborers,

Suspected Covid positive cases, The private players engaged with food obtainment and supply.

As indicated by media records, frenzy and disarray added to in excess of 100 passings during the 2016 demonetisation scene. Utilizing behavioral experiences to get data and motivators directly in the hour of Covid-19 pandemic and lockdown, which diminutive people demonetisation as an approach challenge, can spare numerous valuable lives.

Con:

Only such behavioral things based not sufficient as they required financial support, ground level implementation tough as social distance matter, behavioral things are different fir different group of society ,income group, tribes and schedule cast etc.some time Policy are considered imagination based on behalf of behavioral economics but they always not true practically when implementation on ground level.