IDEAS home Printed from https://ideas.repec.org/a/eee/chsofr/v104y2017icp531-545.html
   My bibliography  Save this article

Modeling individual fear factor with optimal control in a disease-dynamic system

Author

Listed:
  • Chen, Yuyang
  • Bi, Kaiming
  • Zhao, Songnian
  • Ben-Arieh, David
  • Wu, Chih-Hang John

Abstract

This paper proposes a new, information-transmission-based behavior-switch that applies the individual fear factor (IFF) to describe how information regarding current disease epidemics can cause human behavior change in a disease-dynamic system. This research is a first attempt to mathematically model how an individual's emotions influence behavior. The approach can be used to study the relationship of information dissemination (e.g., broadcasting, public health education, news media, etc.) and human behaviors during disease outbreaks. The expression of IFF and a mathematical IFF model that combines human behaviors with a classic SIR model is presented, and an optimal strategy that reduces the number of infected individuals and financial loss due to switch behaviors is proposed. In particular, model stability is analyzed and corresponding necessary conditions are determined. This novel modeling approach shows that information transmission influence individual fear, resulting in a variety of human behaviors and leading to numerous disease consequences.

Suggested Citation

  • Chen, Yuyang & Bi, Kaiming & Zhao, Songnian & Ben-Arieh, David & Wu, Chih-Hang John, 2017. "Modeling individual fear factor with optimal control in a disease-dynamic system," Chaos, Solitons & Fractals, Elsevier, vol. 104(C), pages 531-545.
  • Handle: RePEc:eee:chsofr:v:104:y:2017:i:c:p:531-545
    DOI: 10.1016/j.chaos.2017.09.001
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960077917303740
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.chaos.2017.09.001?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mitchell L. Cohen, 2000. "Changing patterns of infectious disease," Nature, Nature, vol. 406(6797), pages 762-767, August.
    2. Baker, Gregory A., 2003. "Food Safety And Fear: Factors Affecting Consumer Response To Food Safety Risk," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 6(1), pages 1-11.
    3. Andrew W. Lo & Dmitry V. Repin & Brett N. Steenbarger, 2005. "Fear and Greed in Financial Markets: A Clinical Study of Day-Traders," American Economic Review, American Economic Association, vol. 95(2), pages 352-359, May.
    4. Renneboog, Luc & Ter Horst, Jenke & Zhang, Chendi, 2008. "Socially responsible investments: Institutional aspects, performance, and investor behavior," Journal of Banking & Finance, Elsevier, vol. 32(9), pages 1723-1742, September.
    5. Hatice Gunes & Maja Pantic, 2010. "Automatic, Dimensional and Continuous Emotion Recognition," International Journal of Synthetic Emotions (IJSE), IGI Global, vol. 1(1), pages 68-99, January.
    6. Stephen Brammer & Andrew Millington, 2008. "Does it pay to be different? An analysis of the relationship between corporate social and financial performance," Strategic Management Journal, Wiley Blackwell, vol. 29(12), pages 1325-1343, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tengfei Wang & Shaoli Wang & Fei Xu, 2022. "Bistability and Robustness for Virus Infection Models with Nonmonotonic Immune Responses in Viral Infection Systems," Mathematics, MDPI, vol. 10(12), pages 1-20, June.
    2. Shao, Quan & Wang, Hong & Zhu, Pei & Dong, Min, 2021. "Group emotional contagion and simulation in large-scale flight delays based on the two-layer network model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 573(C).
    3. Yi-Fang Luo & Shu-Ching Yang & Shih-Chieh Hung & Kun-Yi Chou, 2022. "Exploring the Impacts of Preventative Health Behaviors with Respect to COVID-19: An Altruistic Perspective," IJERPH, MDPI, vol. 19(13), pages 1-14, June.
    4. Ihtisham Ul Haq & Numan Ullah & Nigar Ali & Kottakkaran Sooppy Nisar, 2022. "A New Mathematical Model of COVID-19 with Quarantine and Vaccination," Mathematics, MDPI, vol. 11(1), pages 1-21, December.
    5. Sharbayta, Sileshi Sintayehu & Buonomo, Bruno & d'Onofrio, Alberto & Abdi, Tadesse, 2022. "‘Period doubling’ induced by optimal control in a behavioral SIR epidemic model," Chaos, Solitons & Fractals, Elsevier, vol. 161(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Driss Rahma & Jarboui Anis, 2015. "Contribution of Social Disclosure and Organizational Culture to Create Financial Value of Tunisian Companies," Growth, Asian Online Journal Publishing Group, vol. 2(1), pages 10-17.
    2. Hans B. Christensen & Luzi Hail & Christian Leuz, 2021. "Mandatory CSR and sustainability reporting: economic analysis and literature review," Review of Accounting Studies, Springer, vol. 26(3), pages 1176-1248, September.
    3. Danni Chen & Xue Chen & Huiying Sun, 2023. "Does corporate social responsibility protect shareholder value from the shock of COVID‐19? Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(3), pages 3077-3094, September.
    4. Francesco Gangi & Jérôme Méric & Rémi Jardat & Lucia Michela Daniele, 2019. "Business for society," Post-Print hal-02382307, HAL.
    5. Wang, Kun Tracy & Kartika, Fiki & Wang, Wanbin Walter & Luo, Guqiang, 2021. "Corporate social responsibility, investor protection, and the cost of equity: Evidence from East Asia," Emerging Markets Review, Elsevier, vol. 47(C).
    6. Francesco Gangi & Carmen Trotta, 2015. "The ethical finance as a response to the financial crises: an empirical survey of European SRFs performance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 19(2), pages 371-394, May.
    7. Nour Chams & Josep García-Blandón & Khaled Hassan, 2021. "Role Reversal! Financial Performance as an Antecedent of ESG: The Moderating Effect of Total Quality Management," Sustainability, MDPI, vol. 13(13), pages 1-18, June.
    8. Ming Jia & Zhe Zhang, 2014. "How Does the Stock Market Value Corporate Social Performance? When Behavioral Theories Interact with Stakeholder Theory," Journal of Business Ethics, Springer, vol. 125(3), pages 433-465, December.
    9. Bose, Sudipta & Minnick, Kristina & Shams, Syed, 2021. "Does carbon risk matter for corporate acquisition decisions?," Journal of Corporate Finance, Elsevier, vol. 70(C).
    10. Hu, Jun & Wu, Huiying & Ying, Sammy Xiaoyan & Long, Wenbin, 2021. "Relative-to-rival corporate philanthropy, product market competitiveness, and stakeholders," Journal of Contemporary Accounting and Economics, Elsevier, vol. 17(1).
    11. Fernando Gómez-Bezares & Wojciech Przychodzen & Justyna Przychodzen, 2016. "Corporate Sustainability and Shareholder Wealth—Evidence from British Companies and Lessons from the Crisis," Sustainability, MDPI, vol. 8(3), pages 1-22, March.
    12. Xueyan Dong & Jingyu Gao & Sunny Li Sun & Kangtao Ye, 2021. "Doing extreme by doing good," Asia Pacific Journal of Management, Springer, vol. 38(1), pages 291-315, March.
    13. Maha Faisal Alsayegh & Rashidah Abdul Rahman & Saeid Homayoun, 2020. "Corporate Economic, Environmental, and Social Sustainability Performance Transformation through ESG Disclosure," Sustainability, MDPI, vol. 12(9), pages 1-20, May.
    14. Andrew W. Lo & Dmitry V. Repin & Brett N. Steenbarger, 2005. "Fear and Greed in Financial Markets: A Clinical Study of Day-Traders," American Economic Review, American Economic Association, vol. 95(2), pages 352-359, May.
    15. Franck Brulhart & Sandrine Gherra & Bertrand V. Quelin, 2019. "Do Stakeholder Orientation and Environmental Proactivity Impact Firm Profitability?," Journal of Business Ethics, Springer, vol. 158(1), pages 25-46, August.
    16. Girardone, Claudia & Kokas, Sotirios & Wood, Geoffrey, 2021. "Diversity and women in finance: Challenges and future perspectives," Journal of Corporate Finance, Elsevier, vol. 71(C).
    17. Hajar Mouatassim Lahmini & Abdelmajid Ibenrissoul, 2017. "Quel effet de la Responsabilité Sociétale de l'Entreprise sur la performance financière d'un opérateur minier/ Approche par l'Analyse Coûts-Bénéfices," Post-Print hal-01746022, HAL.
    18. Alexandra ZBUCHEA & Florina PÎNZARU, 2017. "Tailoring CSR Strategy to Company Size?," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(3), pages 415-437, September.
    19. Alan Gregory & Julie Whittaker, 2013. "Exploring the Valuation of Corporate Social Responsibility—A Comparison of Research Methods," Journal of Business Ethics, Springer, vol. 116(1), pages 1-20, August.
    20. Ferrell, Allen & Liang, Hao & Renneboog, Luc, 2016. "Socially responsible firms," Journal of Financial Economics, Elsevier, vol. 122(3), pages 585-606.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:chsofr:v:104:y:2017:i:c:p:531-545. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thayer, Thomas R. (email available below). General contact details of provider: https://www.journals.elsevier.com/chaos-solitons-and-fractals .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.