The COVID-19 crisis has generated an enormous amount of uncertainty, about both public health and economic wellbeing, that policy makers have to navigate. Chicago Booth’s Constantine Yannelis says economics offers guidance on how to approach decision making in a context of great uncertainty: proceed with caution.

More from Chicago Booth Review

More from Chicago Booth

Your Privacy
We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit our website.