Fear of COVID-19 changes economic preferences: evidence from a repeated cross-sectional MTurk survey

The personal experience of events such as financial crises and natural disasters can alter economic preferences. We administered a repeated cross-sectional preference survey during the early stages of the COVID-19 outbreak, collecting three bi-weekly samples from participants recruited through Amazo...

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Detalles Bibliográficos
Autores principales: Alsharawy, Abdelaziz, Ball, Sheryl, Smith, Alec, Spoon, Ross
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2021
Materias:
Original Paper
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8642764/
http://dx.doi.org/10.1007/s40881-021-00111-x
Descripción
Sumario:The personal experience of events such as financial crises and natural disasters can alter economic preferences. We administered a repeated cross-sectional preference survey during the early stages of the COVID-19 outbreak, collecting three bi-weekly samples from participants recruited through Amazon Mechanical Turk. The survey elicits economic preferences, self-reported fear of the pandemic, and beliefs about economic and health consequences. Preferences varied over time and across regions, and self-reported fear of the pandemic explains this variation. These findings suggest caution about the generalizability of some types of experimental work during times of heightened fear. SUPPLEMENTARY INFORMATION: The online version contains supplementary material available at 10.1007/s40881-021-00111-x.

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