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Can't overemphasised. The fine print of the travel insurance is very important! However, I don't get why cancellation policies will be a major reason of the sp

Can't overemphasised. The fine print of the travel insurance is very important! However, I don't get why cancellation policies will be a major reason of the spread. Your explanation on sunk cost fallacy and cancellation seems to be missing. Airbnb has a clause to refund under "Epidemic disease or illness"

graeme 7y ago
The link says you can only automatically cancel for mainland china and korean trips. So any trips to Italy, Iran, Washington State etc can’t be refunded. It encourages people to still go. Sunk cost fallacy: people might not take a free trip to italy now, but they may go if they previously paid for one.
- netsharc 7y ago
  If I were a billionaire I'd tell these people, "Fine, I'll refund you out of my pocket, stay home and don't be an infection vector!". Obviously I'd make them sign a contract to make sure they stay home (or the contract would stipulate that they'd have to pay me back, plus a punishment on top).
- sjg007 7y ago
  I would be surprised if Airbnb does business in Iran...
  - RileyJames 7y ago
    You don’t need Airbnb in Iran. Walk down 2 block of Tehran and by the end one or more people will have offered you their homes, for free.. You only need to book somewhere to stay for downtime/private time.
    - gruez 7y ago
      >Walk down 2 block of Tehran and by the end one or more people will have offered you their homes, for free.. Wait what? Is there more to this?
      - sjg007 7y ago
        Iranians are very nice and friendly people is my guess.
      - DoreenMichele 7y ago
        They've been under US embargo for decades. In the US, Blacks historically couldn't use commercial hotels which were Whites only. They had to arrange to stay at private homes to travel. I imagine it's sort of akin to that.
  - graeme 7y ago
    Actually you’re right, they don’t do Iran.
- xiphias2 7y ago
  Ticket prices are getting lower to Italy, and I see more and more articles that this is the best time to go to vacation because it's so cheap. People don't care about spreading the virus, because they don't care about other people. The only way to be protected is to stay home and not follow the herd.
- ghaff 7y ago
  I'm not sure that qualifies as a sunk cost fallacy. Most people have limited budgets for vacations. If they already booked a trip to someplace and cancel it without a refund, they may not be able to afford going somewhere else. On the other hand, if they haven't booked anything they can go somewhere that's of perceived lower risk or just hold off for the time being.

graeme 7y ago

The link says you can only automatically cancel for mainland china and korean trips. So any trips to Italy, Iran, Washington State etc can’t be refunded. It encourages people to still go. Sunk cost fallacy: people might not take a free trip to italy now, but they may go if they previously paid for one.

netsharc 7y ago
If I were a billionaire I'd tell these people, "Fine, I'll refund you out of my pocket, stay home and don't be an infection vector!". Obviously I'd make them sign a contract to make sure they stay home (or the contract would stipulate that they'd have to pay me back, plus a punishment on top).
sjg007 7y ago
I would be surprised if Airbnb does business in Iran...
- RileyJames 7y ago
  You don’t need Airbnb in Iran. Walk down 2 block of Tehran and by the end one or more people will have offered you their homes, for free.. You only need to book somewhere to stay for downtime/private time.
  - gruez 7y ago
    >Walk down 2 block of Tehran and by the end one or more people will have offered you their homes, for free.. Wait what? Is there more to this?
    - sjg007 7y ago
      Iranians are very nice and friendly people is my guess.
    - DoreenMichele 7y ago
      They've been under US embargo for decades. In the US, Blacks historically couldn't use commercial hotels which were Whites only. They had to arrange to stay at private homes to travel. I imagine it's sort of akin to that.
- graeme 7y ago
  Actually you’re right, they don’t do Iran.
xiphias2 7y ago
Ticket prices are getting lower to Italy, and I see more and more articles that this is the best time to go to vacation because it's so cheap. People don't care about spreading the virus, because they don't care about other people. The only way to be protected is to stay home and not follow the herd.
ghaff 7y ago
I'm not sure that qualifies as a sunk cost fallacy. Most people have limited budgets for vacations. If they already booked a trip to someplace and cancel it without a refund, they may not be able to afford going somewhere else. On the other hand, if they haven't booked anything they can go somewhere that's of perceived lower risk or just hold off for the time being.