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Keyword: peltzmaneffect

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  • Influence of the Peltzman effect on the recurrent COVID-19 waves in Europe (are the vaxxed feeling 'free' and fueling infection via risky behavior?)

    07/24/2021 8:26:16 AM PDT · by DoodleBob · 25 replies
    Postgraduate Medical Journal ^ | April 29, 2021 | Kumar Jain, Raju Vaishya, Rajesh Botchu, Pranav Ish, Karthikeyan P Iyengar
    The Peltzman effect is named after Sam Peltzman, professor of economics at the University of Chicago Booth School of Business. It describes the concept of ‘Risk Compensation’...that people become more careful where they sense greater risk and lesser careful if they feel more protected....He proposed that though people felt safer driving with a seat belt, it probably led to a phenomenon of driving with less attentiveness or higher speed causing an increased risk of run-off-road crashes or similar accidents....COVID-19 vaccination triggering Peltzman effect—An analysis of Peltzman effect reveals four main factors contributing to risk compensation, all of which appear to...