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Discuss the possible role that behavioural economics can play in the fight against Covid-19. 10 Marks

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Parth Verma

in

Mentor’s comment-

  • In introduction you have to briefly define what behavioral economics is.
  • In the body explain the following aspects in detail –  What is Behavioural Economics? How Behavioural Economics can be applied in the Indian context in the resolving the issues posed by the covid-19 pandemic?  Also explain the perceived costs – monetary, time and psychological costs . What are the limitations of Behavioural Economics? 
  • Conclude that Covid-19 is hitting humanity where it hurts in the most complex way — the human mind. Once we acknowledge the power of individual behaviour in epidemics, behavioural insights are not a choice but a necessity in our collective action against Covid-19.

Comments

14 responses to “Discuss the possible role that behavioural economics can play in the fight against Covid-19. 10 Marks”

  1. Dakshina Moorthy Avatar
    Dakshina Moorthy

    Please review the answer.

    1. Dakshina Moorthy Avatar
      Dakshina Moorthy

      @parth-verma1 please review sir.

    2. Dakshina Moorthy Avatar
      Dakshina Moorthy

      *NOT CHECKED*

    3. Parth Verma Avatar
      Parth Verma

      Hi Dakshina
      Good introduction.
      Mentioning Noble awardees is appreciable.
      But you have deviated from the demand of the question.
      Mention the role that Behavioural economics can play in the fight against pandemic.
      And way forward to use Behavioural economics against COVID-19.
      Adhere to the demand of the question.
      Brainstorm before writing.
      Avoid using short forms in your answer.
      Work hard,you will improve.

  2. Chester Avatar
    Chester

    Please review

    1. Parth Verma Avatar
      Parth Verma

      Hi Chester
      The introduction should be crisp,do not give examples in introduction.
      instead you can mention the Nobel award winner Richard Thaler in introduction.
      You have discussed role and implications in a good manner.
      Answer is well structured.
      Language should be crisp and error free so work on it
      Overall good attempt,keep writing !

  3. Deepika Saini Avatar
    Deepika Saini

    Please review

    1. j y o Avatar
      j y o

      do they review here or through habitat?

    2. Deepika Saini Avatar
      Deepika Saini

      Here

    3. Parth Verma Avatar
      Parth Verma

      Habitat is for discussion purpose .

    4. Deepika Saini Avatar
      Deepika Saini

      *NOT CHECKED* @ @parth-verma1

    5. Parth Verma Avatar
      Parth Verma

      Hi Deepika
      Introduction is good.
      You have discussed behavioural economics in the context of India in a good manner
      but try to use subheadings for better presentation.
      Also discuss some way forward to use Behavioural economics against COVID-19.
      Try to diversify your answer .
      Enrich your content.
      Good conclusion.
      Work on handwriting.
      Keep writing!

  4. NJ_00 Avatar
    NJ_00

    MOJO0206200D40884686

    1. Parth Verma Avatar
      Parth Verma

      introduction is good
      good use of flow chart
      you did not mention about the perceived costs,mention briefly,
      such small subheadings will fetch you extra marks
      lackluster conclusion,write about the power of individual behaviour also.
      You have the scope to score very good marks if you work on these few things.

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