Download This PaperExpert Failure and Pandemics: On Adapting to Life With Pandemics
Cosmos + Taxis, Vol 9 Issues 5-6
16 Pages Posted: 28 Jan 2021 Last revised: 26 Apr 2021
Date Written: January 26, 2021
Abstract
In a pandemic, citizens and policy makers must rely on expert opinion. What are the institutional arrangements that allow for the best advice to come forward? Using the framework established by Koppl (2018) on expert failure, we analyze the COVID-19 pandemic to see where missteps in expertise occurred and suggest institutional arrangements to improve expert advice in future pandemics.
Keywords: COVID-19, Expert Failure, Market Failure, Information Economics, Pandemic, Knowledge Problem
JEL Classification: D83, I18, L51
Suggested Citation: Suggested Citation
Murphy, Jonathan and Devereaux, Abigail and Goodman, Nathan and Koppl, Roger, Expert Failure and Pandemics: On Adapting to Life With Pandemics (January 26, 2021). Cosmos + Taxis, Vol 9 Issues 5-6, Available at SSRN: https://ssrn.com/abstract=3773846 or http://dx.doi.org/10.2139/ssrn.3773846
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