Prospect Theory Based Individual Irrationality Modelling and Behavior Inducement in Pandemic Control
Wenxiang Dong, H. Vicky Zhao

TL;DR
This paper introduces a Prospect Theory-based model to understand and influence individual decision-making during a pandemic, accounting for irrational behaviors and proposing a behavior inducement algorithm validated through simulations and user tests.
Contribution
It develops a novel Prospect Theory-based framework for modeling irrational decision-making in epidemics and proposes an effective behavior inducement algorithm to control disease spread.
Findings
Irrationality leads to more conservative behavior at low risk levels.
Irrationality causes more risk-seeking behavior at high risk levels.
The proposed algorithm effectively guides user behavior in simulations and tests.
Abstract
It is critical to understand and model the behavior of individuals in a pandemic, as well as identify effective ways to guide people's behavior in order to better control the epidemic spread. However, current research fails to account for the impact of users' irrationality in decision-making, which is a prevalent factor in real-life scenarios. Additionally, existing disease control methods rely on measures such as mandatory isolation and assume that individuals will fully comply with these policies, which may not be true in reality. Thus, it is critical to find effective ways to guide people's behavior during an epidemic. To address these gaps, we propose a Prospect Theory-based theoretical framework to model individuals' decision-making process in an epidemic and analyze the impact of irrationality on the co-evolution of user behavior and the epidemic. Our analysis shows that…
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Taxonomy
TopicsComplex Network Analysis Techniques · Mental Health Research Topics · COVID-19 epidemiological studies
