How Institutional Actions Before Vaccine Affect Time Vaccination Intention Later: Prediction via Machine Learning

Author:

Bughin Jacques1,Cincera Michele1ORCID

Affiliation:

1. Solvay Brussels School of Economics and Management, iCite and ECARES Université libre de Bruxelles 50 Av. Roosevelt, B-1050 Brussels, Belgium

Abstract

Effective vaccination is often the only way to eliminate a major pandemic, to the extent that people welcome the cure. In general, vaccination preferences are shaped before actual vaccines are found. Factors that accelerate/ inhibit expected uptake must then be understood upfront if one hopes to nudge hesitants towards vaccination. We predict the portfolio of COVID-19 vaccination drivers through a large set of Machine Learning (ML) techniques for five European countries during the first wave of the COVID-19 and before vaccines were found and rolled out. We find better accuracy emerging from more sophisticated supervised ML techniques than regressions. While some factors are common to all ML tools, some only arise from the most accurate techniques: Gradient Boosting Machine and Support Vector Machine. In general, institutional trust (e.g. towards government actions) is a critical influencer of vaccine intent. How governments have reacted to the pandemic rise is a crucial filter as to how people will accept being vaccinated.

Publisher

World Scientific Pub Co Pte Ltd

Subject

Management of Technology and Innovation,Strategy and Management,General Engineering,Business and International Management

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