Which Beliefs? Behavior-Predictive Beliefs are Inconsistent with Information-Based Beliefs: Evidence from COVID-19 / Ori Heffetz, Guy Ishai.

Format:

Book

Author/Creator:

Heffetz, Ori.

Contributor:

National Bureau of Economic Research.

Ishai, Guy.

Series:

Working Paper Series (National Bureau of Economic Research) no. w29452.

NBER working paper series no. w29452

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2021.

Summary:

We investigate the relationship between (a) official information on COVID-19 infection and death case counts; (b) beliefs about such case counts, at present and in the future; (c) beliefs about average infection chance--in principle, directly calculable from (b); and (d) self-reported health-protective behavior. We elicit (b), (c), and (d) with a daily online survey in the US from March to August 2020 (N ≈ 13,900).

We have three main findings: (1) beliefs elicited as infection case counts are closely related to present and future official case-count information; however (2) beliefs elicited as risk perceptions--i.e., the chance to get infected--are inconsistent with those case-count beliefs, even when mathematically, they should be identical; notably, (3) it is the latter--the risk perceptions--that are significantly better predictors of reported behavior than the former.

Together, these findings suggest that researchers and policymakers, who increasingly engage in direct elicitation and communication of numeric measures of uncertainty, may get very different outcomes, depending on which measures they use. We discuss potential implications for public communication of health-risk information.

Notes:

Print version record

November 2021.