Here’s why some are too optimistic about the pandemic
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We are now seven months into the pandemic, and the numbers are once again getting worse. Average new cases per day have jumped in the past week to more than 50,000.
The fear is we might be letting our guard down because of what’s called optimism bias. Behavioral scientists and economists have found patterns suggesting we downplay the likelihood of bad news, whether it’s investments, business plans or getting COVID-19.
“Optimism bias is our tendency to overestimate the likelihood of experiencing positive events — such as financial success or having a long, happy marriage — and our tendency to underestimate the likelihood of experiencing negative events,” said Tali Sharot, a cognitive neuroscientist at University College London and author the “The Optimism Bias.”
With the pandemic, we get good news one day, bad news the next. Sharot has found that people underprocess the bad news and don’t build it into their expectations.
“We take in the positive a little more than the negative. And in fact, we’ve done brain imaging studies that show the brain encodes this unexpected positive information about the future better than unexpected negative information,” she said.
Optimism can be a good thing. It’s tied to longer lives and less depression. But it can also lead to reckless behavior, like borrowing too much money or being careless about COVID-19, according to a study Marie Helweg-Larsen is writing up. She teaches psychology at Dickinson College in Pennsylvania.
“When people don’t think they are personally at risk, they are less likely to wash their hands or engage in social distancing,” she said.
Helweg-Larsen said optimism bias is hard to overcome, but one way to fight it is to force yourself to develop good habits, like washing your hands over and over again, for 20 seconds, until you no longer think about why.
“We don’t brush our teeth as a result of some careful risk estimation of our cavity proneness. We don’t stop wearing our seat belts because we have not experienced seat belts saving our lives. We just do those things because they’re habits,” she said.
There is another type of overconfidence experts worry about. Management professor Don Moore at the University of California, Berkeley, Haas School of Business studies salience bias. That’s when people overemphasize things they see, like the healthy people they encounter at the park or at the supermarket, during the pandemic and downplay what they don’t see.
“The sick disappear,” he said. “They’re in isolation wards in hospitals. We don’t see them. Another important dimension is those individuals who are being the most cautious. They are also invisible to us. They’re at home.” In other words, it’s easy to assume this COVID thing is no big deal.
Moore cites a classic study of college students that shows how we can draw the wrong conclusions by seeing only what’s in front of us.
“Many have the mistaken impression that others like to party and drink more than they do,” Moore said. “Well, the shy people, they’re in their dorm rooms studying. And the ones who you see on Friday night, those are the ones who like to get out and party and drink.”
Behavioral economists call this problem “thinking fast,” which can lead to snap judgments that aren’t always rational, and sometimes making people overly optimistic.
COVID-19 Economy FAQs
What’s the outlook for vaccine supply?
Chief executives of America’s COVID-19 vaccine makers promised in congressional testimony to deliver the doses promised to the U.S. government by summer. The projections of confidence come after months of supply chain challenges and companies falling short of year-end projections for 2020. What changed? In part, drugmakers that normally compete are now actually helping one another. This has helped solve several supply chain issues, but not all of them.
How has the pandemic changed scientific research?
Over the past year, while some scientists turned their attention to COVID-19 and creating vaccines to fight it, most others had to pause their research — and re-imagine how to do it. Social distancing, limited lab capacity — “It’s less fun, I have to say. Like, for me the big part of the science is discussing the science with other people, getting excited about projects,” said Isabella Rauch, an immunologist at Oregon Health & Science University in Portland. Funding is also a big question for many.
What happened to all of the hazard pay essential workers were getting at the beginning of the pandemic?
Almost a year ago, when the pandemic began, essential workers were hailed as heroes. Back then, many companies gave hazard pay, an extra $2 or so per hour, for coming in to work. That quietly went away for most of them last summer. Without federal action, it’s mostly been up to local governments to create programs and mandates. They’ve helped compensate front-line workers, but they haven’t been perfect. “The solutions are small. They’re piecemeal,” said Molly Kinder at the Brookings Institution’s Metropolitan Policy Program. “You’re seeing these innovative pop-ups because we have failed overall to do something systematically.”
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