Contents

Individual vaccination decision under uncertainty and information asymmetry

LEE, Wonseog

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Abstract

Two models for individual decisions on vaccination under incomplete information, which poses uncertainty and information asymmetry, have been presented in this thesis. In the state- preference model, the vaccine plays a role of insurance against the disease. It suggests that the interaction between actuarial fairness of the vaccine and risk aversion of the agent commands her vaccination decision. The more actuarially advantageous the vaccine is and the more risk-averse the agent’s personality is, the more likely the agent will purchase the vaccine. The signaling game model shows that an individual buyer of the vaccine builds up her belief of the vaccine’s quality by observing the signal sent by the producer, in this case, the type of technology. The producer’s pooling and separating strategies may result in perfect Bayesian equilibria with conditions that bound the buyer’s belief and the producer’s incentive to deviate from the initial strategy.

Advisors
Shin, Jaeun
Department
KDI School, Master of Public Policy
Issue Date
2021
Publisher
KDI School
Description
Thesis(Master) -- KDI School: Master of Public Policy, 2021
Keywords
Vaccination--Psychological aspects; Public health--Psychological aspects
Contents
I. INTRODUCTION 

II. LITERATURE REVIEW 

III. THEORETICAL FRAMEWORK 

IV. DISCUSSIONS

V. CONCLUDING REMARKS
Pages
45 p
URI
https://archives.kdischool.ac.kr/handle/11125/42929
Type
Thesis
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