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Understanding the role of personal experiences and contextual variables in shaping risk reduction preferences

This article explores how preferences for risk reduction during the COVID-19 pandemic are influenced by personal experiences and contextual variables such as having a close friend or relative who has been infected by the virus (closeness), the severity of the illness (severity), people’s own percept...

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Autores principales: Barrientos, Manuel, Vásquez-Lavin, Felipe, Rosales, Constanza, Bratti, Luna
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10226620/
https://www.ncbi.nlm.nih.gov/pubmed/37258386
http://dx.doi.org/10.1016/j.vaccine.2023.05.044
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author Barrientos, Manuel
Vásquez-Lavin, Felipe
Rosales, Constanza
Bratti, Luna
author_facet Barrientos, Manuel
Vásquez-Lavin, Felipe
Rosales, Constanza
Bratti, Luna
author_sort Barrientos, Manuel
collection PubMed
description This article explores how preferences for risk reduction during the COVID-19 pandemic are influenced by personal experiences and contextual variables such as having a close friend or relative who has been infected by the virus (closeness), the severity of the illness (severity), people’s own perceptions of being in a risky group (risk group), change in employment status due to the pandemic (employment situation), and vaccination status (vaccination status and altruistic vaccination). We conducted a choice experiment (CE) in Chile, Colombia, and Costa Rica. The attributes of the experiment were risk reduction, latency, and cost. Then, we estimated a mixed logit model to capture preference heterogeneity across the countries. The attributes presented in the CE were statistically significant, with the expected sign in each country. The variables closeness and employment situation presented homogeneous behavior in each country; however, severity, risk group, and vaccination status showed mixed results. We found that preferences were more heterogeneous for the attributes of the CE than for the personal experiences and contextual variables. Understanding the impact of these variables is essential for generating more effective risk reduction policies. For instance, methodologies such as the value of statistical life base their calculations on society's valuation of risk reduction. We provide evidence that the preferences for risk reduction vary due to the everyday situations that individuals face in the context of the pandemic. The latter may cause distortions in the values used to evaluate policies aimed at mitigating the outbreak.
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spelling pubmed-102266202023-05-30 Understanding the role of personal experiences and contextual variables in shaping risk reduction preferences Barrientos, Manuel Vásquez-Lavin, Felipe Rosales, Constanza Bratti, Luna Vaccine Article This article explores how preferences for risk reduction during the COVID-19 pandemic are influenced by personal experiences and contextual variables such as having a close friend or relative who has been infected by the virus (closeness), the severity of the illness (severity), people’s own perceptions of being in a risky group (risk group), change in employment status due to the pandemic (employment situation), and vaccination status (vaccination status and altruistic vaccination). We conducted a choice experiment (CE) in Chile, Colombia, and Costa Rica. The attributes of the experiment were risk reduction, latency, and cost. Then, we estimated a mixed logit model to capture preference heterogeneity across the countries. The attributes presented in the CE were statistically significant, with the expected sign in each country. The variables closeness and employment situation presented homogeneous behavior in each country; however, severity, risk group, and vaccination status showed mixed results. We found that preferences were more heterogeneous for the attributes of the CE than for the personal experiences and contextual variables. Understanding the impact of these variables is essential for generating more effective risk reduction policies. For instance, methodologies such as the value of statistical life base their calculations on society's valuation of risk reduction. We provide evidence that the preferences for risk reduction vary due to the everyday situations that individuals face in the context of the pandemic. The latter may cause distortions in the values used to evaluate policies aimed at mitigating the outbreak. Elsevier Ltd. 2023-06-23 2023-05-29 /pmc/articles/PMC10226620/ /pubmed/37258386 http://dx.doi.org/10.1016/j.vaccine.2023.05.044 Text en © 2023 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Barrientos, Manuel
Vásquez-Lavin, Felipe
Rosales, Constanza
Bratti, Luna
Understanding the role of personal experiences and contextual variables in shaping risk reduction preferences
title Understanding the role of personal experiences and contextual variables in shaping risk reduction preferences
title_full Understanding the role of personal experiences and contextual variables in shaping risk reduction preferences
title_fullStr Understanding the role of personal experiences and contextual variables in shaping risk reduction preferences
title_full_unstemmed Understanding the role of personal experiences and contextual variables in shaping risk reduction preferences
title_short Understanding the role of personal experiences and contextual variables in shaping risk reduction preferences
title_sort understanding the role of personal experiences and contextual variables in shaping risk reduction preferences
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10226620/
https://www.ncbi.nlm.nih.gov/pubmed/37258386
http://dx.doi.org/10.1016/j.vaccine.2023.05.044
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