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      Relieving Cost of Epidemic by Parrondo's Paradox: A COVID‐19 Case Study

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          Abstract

          COVID‐19, also known as SARS‐CoV‐2, is a coronavirus that is highly pathogenic and virulent. It spreads very quickly through close contact, and so in response to growing numbers of cases, many countries have imposed lockdown measures to slow its spread around the globe. The purpose of a lockdown is to reduce reproduction, that is, the number of people each confirmed case infects. Lockdown measures have worked to varying extents but they come with a massive price. Nearly every individual, community, business, and economy has been affected. In this paper, switching strategies that take into account the total “cost” borne by a community in response to COVID‐19 are proposed. The proposed cost function takes into account the health and well‐being of the population, as well as the economic impact due to the lockdown. The model allows for a comparative study to investigate the effectiveness of various COVID‐19 suppression strategies. It reveals that both the strategy to implement a lockdown and the strategy to maintain an open community are individually losing in terms of the total “cost” per day. However, switching between these two strategies in a certain manner can paradoxically lead to a winning outcome—a phenomenon attributed to Parrondo's paradox.

          Abstract

          This work reveals that both the lockdown strategy and the open community strategy are individually losing in terms of the total “cost” per day. However, switching between these two strategies in a certain manner can paradoxically lead to a winning outcome—a phenomenon attributed to Parrondo's paradox. This is one of the first studies linking Parrondo's paradox to epidemiology.

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          The Oxford handbook of health economics

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            arXiv 2004.07229

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              Author and article information

              Contributors
              kanghao_cheong@sutd.edu.sg
              Journal
              Adv Sci (Weinh)
              Adv Sci (Weinh)
              10.1002/(ISSN)2198-3844
              ADVS
              Advanced Science
              John Wiley and Sons Inc. (Hoboken )
              2198-3844
              05 November 2020
              December 2020
              : 7
              : 24 ( doiID: 10.1002/advs.v7.24 )
              : 2002324
              Affiliations
              [ 1 ] Science, Mathematics and Technology Cluster Singapore University of Technology and Design 8 Somapah Rd, S487372 Singapore
              Author notes
              Author information
              https://orcid.org/0000-0002-4475-5451
              Article
              ADVS2045
              10.1002/advs.202002324
              7740105
              4b2d84ca-c76e-4c7a-b352-60d05a657c1b
              © 2020 The Authors. Published by Wiley‐VCH GmbH

              This is an open access article under the terms of the http://creativecommons.org/licenses/by/4.0/ License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

              History
              : 19 June 2020
              : 20 July 2020
              Page count
              Figures: 5, Tables: 1, Pages: 8, Words: 5980
              Funding
              Funded by: Singapore University of Technology and Design , open-funder-registry 10.13039/501100007040;
              Award ID: SRG SCI 2019 142
              Award ID: SGPCTRS1804
              Categories
              Full Paper
              Full Papers
              Custom metadata
              2.0
              December 16, 2020
              Converter:WILEY_ML3GV2_TO_JATSPMC version:5.9.5 mode:remove_FC converted:16.12.2020

              covid‐19,epidemic strategies,game theory,modeling,pandemics,parrondo's paradox,population dynamics

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