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A Bayes Decision Rule to Assist Policymakers during a Pandemic

A new decision rule based on net benefit per capita is proposed and exemplified with the aim of assisting policymakers in deciding whether to lockdown or reopen an economy—fully or partially—amidst a pandemic. Bayesian econometric models using Markov chain Monte Carlo algorithms are used to quantify...

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Detalles Bibliográficos
Autores principales: Cao, Kang-Hua, Damien, Paul, Woo, Chi-Keung, Zarnikau, Jay
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8391194/
https://www.ncbi.nlm.nih.gov/pubmed/34442160
http://dx.doi.org/10.3390/healthcare9081023

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