Precaution decisions do not scale. Collective safety may require excessive individual risk avoidance, even if it conflicts with an individual’s own interests and benefits. It may require an individual to worry about risks that are comparatively insignificant.
Assume a risk of a multiplicative viral epidemic, still in its early stages. The risk for an individual to catch the virus is very low, lower than other ailments. It is therefore "irrational" to panic (react immediately and as a priority). But if she or he does not panic and act in an ultra-conservative manner, they will contribute to the spread of the virus and it will become a severe source of systemic harm.
- Full paper here
Assume a risk of a multiplicative viral epidemic, still in its early stages. The risk for an individual to catch the virus is very low, lower than other ailments. It is therefore "irrational" to panic (react immediately and as a priority). But if she or he does not panic and act in an ultra-conservative manner, they will contribute to the spread of the virus and it will become a severe source of systemic harm.
- Full paper here
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