Seems the decision to wear a mask in a pandemic is a classic information asymmetry problem. What is your take? Is it a signaling (Akerlof) and/or a moral hazard problem?
Cherish your ideas.
Information economics is still in its infancy, although we seem to enter the information age technically, but not tech-know-logically, in terms of human enlightenment. With your Thomas Schuermann mentioned concepts in mind, we can discern that state and (or) market failure are consequences of informational asymmetry, the market for lemons and a moral hazard by coincidence.
Although we appear to be entering the information age technically but not tech-know-logically in terms of human enlightenment, information economics is still in its infancy.
Hm, not really agreeing frds. Akerlofs groundbreaking research was 50 years ago:Article The Market For Lemons: Quality Uncertainty and the Market Mechanism
The behavioral issue is the thing that mixes up with game theory and makes it interesting. Happy for innovative views.