This paper explores the application of the Elliott Wave Principle, a financial market prediction method based on crowd psychology, to predict the future evolution of the COVID-19 pandemic. The authors hypothesize that human emotions driving pandemic-related behaviors (vaccination rates, adherence to preventive measures) can be modeled similarly to those influencing financial markets. They analyze daily new case data for various countries and extrapolate potential scenarios ranging from a best-case (rapid, full vaccination) to a worst-case (slow vaccination, poor adherence to preventive measures).
Publisher
Translational Psychiatry
Published On
Jan 31, 2021
Authors
Prashant Dogra, Eugene J. Koay, Zhihui Wang, Farhaan S. Vahidy, Mauro Ferrari, Renata Pasqualini, Wadih Arap, Marc L. Boom, H. Dirk Sostman, Vittorio Cristini
Tags
Elliott Wave Principle
COVID-19
crowd psychology
vaccination rates
predictive modeling
pandemic behaviors
public health
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