Question
Scientific advisers to the UK government advised that a 2-week circuit breaker lockdown over the October school break would have brought down infections earlier in
Scientific advisers to the UK government advised that a 2-week "circuit breaker" lockdown over the October school break would have brought down infections earlier in the development of a second COVID-19 wave. The UK government did not opt for this, and instead chose to wait and impose a month-long lockdown over November. The longer length of the second lockdown has been attributed to the progress of the infection in the weeks since the "circuit breaker" was mooted.
We have learned a tool in microeconomics to deal with decision tradeoffs which take place over time: temporal discounting and discounted utility theory.
Plz apply this theory
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