COVID-19 Increases Overall Risk Aversion, Prudence and Temperance Unchanged
The study looked at how people's attitudes towards risk changed during the COVID-19 pandemic. They found that overall, people became more risk-averse during this time. This means that they were less willing to take risks than before. The researchers used a method to measure different types of risk attitudes, like prudence and temperance, which are related to health and financial decisions. They found that while risk aversion increased, prudence and temperance did not change during COVID-19.