Health risks

Understand the complexities of Health Risks, covering factors that impact individual and public health, including lifestyle, environmental exposures, and emerging health threats. Our content explores various risks, from chronic disease factors and occupational hazards to global health concerns and preventative strategies. Designed for health-conscious individuals, professionals, and policy makers, our articles provide insights into risk assessment, mitigation strategies, and the latest research on reducing health vulnerabilities. Whether you’re looking to understand personal health risks or broader public health issues, our resources empower you with knowledge to make informed health and safety decisions.

Risk-Sharing and the Corona Pandemic

By / / Behavioral Economics, Economics of Pandemics, Global Crises, Globalization, Health Economics, Health risks

Risk-Sharing and the Corona Pandemic Read Post »

How can risk-sharing help resolve the Corona Pandemic? Corona Pandemic is a global health risk that all economies face together. However, the more each country seeks to solve the COVID19 crisis independently, the more all countries seem to lose control of the situation at society’s global, national, and local levels. The Corona Pandemic is a Global Health Shock The Corona Pandemic is a global health shock with a globally differentiated local impact that hit every corner of this earth. We can describe the impact of COVID-19 as an asymmetric shock on households, firms, and sectors within and across the world. […]

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Rational Decision under Uncertainty

By / / Foundations of Economics, Behavioral Economics, Economics, Economics of Pandemics, Health risks, Leadership and Management, Personal Finance

Rational Decision under Uncertainty Read Post »

How would an individual make a rational decision under uncertainty? This article explains how economists characterize decision-making under uncertainty. Economic models always focus first on decisions under certainty and then introduce uncertainty later in the learning process. The focal point here is how this affects the rationality of agents’ decisions to use scarce resources. 1. Introduction to Rational Decision under Uncertainty We are all faced with daily situations where we have to make decisions that will lead to different outcomes immediately or later. Such decisions occur under uncertainty of results. Economic theory explains this problem in the models of decision-making

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Social Distancing as a Health Risk Management Tool

By / / Globalization, Economics of Pandemics, Global Crises, Health Economics, Health risks, Macroeconomics, Markets, Microeconomics

Social Distancing as a Health Risk Management Tool Read Post »

Social distancing measures propagated by health experts and belatedly by governments worldwide as a means of health risk minimizer, are yet to unfold their full impact on health risk management caused by the COVID-19. Nevertheless, social distancing poses a high risk to the economic and social life of affected communities globally. Fears of a global economic slowdown have dominated discussions amongst the public, experts of different disciplines, politicians, entrepreneurs, and others.

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