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Bounded Rationality Alters The Dynamics Of Paediatric Immunization Acceptance, Tamer Oraby, Chris T. Bauch
Bounded Rationality Alters The Dynamics Of Paediatric Immunization Acceptance, Tamer Oraby, Chris T. Bauch
School of Mathematical and Statistical Sciences Faculty Publications and Presentations
Interactions between disease dynamics and vaccinating behavior have been explored in many coupled behavior-disease models. Cognitive effects such as risk perception, framing, and subjective probabilities of adverse events can be important determinants of the vaccinating behaviour, and represent departures from the pure “rational” decision model that are often described as “bounded rationality”. However, the impact of such cognitive effects in the context of paediatric infectious disease vaccines has received relatively little attention. Here, we develop a disease-behavior model that accounts for bounded rationality through prospect theory. We analyze the model and compare its predictions to a reduced model that lacks …