Effects of Perceived Scarcity on Mental Health, Time and Risk Preferences, and Decision-Making During and After COVID-19 Lockdown: A Quasi-Natural Experimental Study (Preprint)
Published: Dec. 1, 2024
BACKGROUND
The
COVID-19
lockdowns
led
to
significant
resource
constraints,
potentially
impacting
mental
health
and
decision-making
behaviors.
Understanding
the
psychological
behavioral
consequences
could
inform
designing
interventions
mitigate
negative
impacts
of
episodic
scarcity
during
crises
like
pandemics.
OBJECTIVE
To
investigate
effects
perceived
on
(stress
fear),
cognitive
functioning,
time
risk
preferences
(present
bias
aversion),
trade-offs
between
groceries,
health,
temptation
goods
after
lockdown
in
Shanghai.
METHODS
A
quasi-natural
experiment
was
conducted
Shanghai
lockdown.
Online
surveys
were
administered
May
2022
(during
lockdown)
September
(post-lockdown).
Propensity
Score
Matching
(PSM)
used
balance
demographic
factors
groups
(During:
n=332;
After:
n=339).
Data
analyzed
using
regression
analyses,
controlling
for
potential
confounders.
RESULTS
Perceived
significantly
higher
(mean=7.97)
than
(mean=4.35;
P<.001).
Higher
associated
with
increased
stress
levels
both
(β=0.62,
P<.001)
(β=0.65,
While
functioning
remained
stable,
possibly
due
a
ceiling
effect
from
high
education
levels,
monetary
aversion
under
prolonged
(interaction
β=4.68,
During
lockdown,
participants
allocated
more
budget
groceries
(β=0.67,
P=.01)
less
items
(β=-0.61,
P=.02).
CONCLUSIONS
study
highlights
that
intensified
altered
behaviors,
including
shifts
spending
priorities.
Theoretically,
this
advances
understanding
by
exploring
its
domain-specific
decision-making.
Practically,
these
findings
emphasize
need
public
strategies
impact
crises,
ensure
access
essential
goods,
support
adaptive
Language: Английский