[en] We here investigate the role of risk aversion in COVID-19 vaccine hesitancy. The theoretical effect is ambiguous, as both COVID-19 infection and vaccination side-effects involve probabilistic elements. In large-scale data covering five European countries, we find that vaccine hesitancy falls with risk aversion, so that COVID-19 infection is perceived as involving greater risk than is vaccination.
FnR Project :
FNR14840950 - Covid-19, Mental Health, Resilience And Self-regulation, 2020 (01/06/2020-31/03/2021) - Claus Vögele