Expert Failure and Pandemics: On Adapting to Life With Pandemics

Cosmos + Taxis, Vol 9 Issues 5-6

16 Pages Posted: 28 Jan 2021 Last revised: 26 Apr 2021

See all articles by Jon Murphy

Jon Murphy

George Mason University - Department of Economics

Abigail Devereaux

Wichita State University, Department of Economics

Nathan P. Goodman

George Mason University - Department of Economics

Roger Koppl

Syracuse University

Date Written: January 26, 2021

Abstract

In a pandemic, citizens and policy makers must rely on expert opinion. What are the institutional arrangements that allow for the best advice to come forward? Using the framework established by Koppl (2018) on expert failure, we analyze the COVID-19 pandemic to see where missteps in expertise occurred and suggest institutional arrangements to improve expert advice in future pandemics.

Keywords: COVID-19, Expert Failure, Market Failure, Information Economics, Pandemic, Knowledge Problem

JEL Classification: D83, I18, L51

Suggested Citation

Murphy, Jonathan and Devereaux, Abigail and Goodman, Nathan and Koppl, Roger, Expert Failure and Pandemics: On Adapting to Life With Pandemics (January 26, 2021). Cosmos + Taxis, Vol 9 Issues 5-6, Available at SSRN: https://ssrn.com/abstract=3773846 or http://dx.doi.org/10.2139/ssrn.3773846

Jonathan Murphy (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

Abigail Devereaux

Wichita State University, Department of Economics ( email )

1845 Fairmount St
Wichita, KS 67260
United States

HOME PAGE: http://abigaildevereaux.com

Nathan Goodman

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

Roger Koppl

Syracuse University ( email )

900 S. Crouse Avenue
Syracuse, NY 13244-2130
United States
3154434535 (Phone)
3154421449 (Fax)

HOME PAGE: http://whitman.syr.edu/faculty-and-research/faculty/showInfo.aspx?id=468

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