| Behavioral economics acknowledges that people are not the rational decision makers assumed in the standard economic theory of decision making. |
| Finite rationality and willpower lead people to apply the rules of thumb or heuristics to make their COVID-19-related decisions rather than conducting cost-benefit analyses. Therefore, they may be biased in their COVID-19-related decisions. |
| Behavioral economics can help policy makers identify individuals’ decision biases and use them as starting points for designing COVID-19-preventive interventions. Behavioral economics interventions can help people behave rationally and make better COVID-19-related decisions. |
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