# LIM, Wooyoung

**Source**: https://bm.hkust.edu.hk/faculty/lim-wooyoung
**Parent**: https://bm.hkust.edu.hk/bizinsight/leadership-and-behavioral-decision-making

LIM, Wooyoung

Head, Lee Heng Fellow, Professor

Department of Economics

[View Profile](https://econ.hkust.edu.hk/faculty-and-staff/directory/wooyoung)

### Recent Activities

CHOI, Syngjoo

KIM, Seonghoon

[LIM, Wooyoung](https://bm.hkust.edu.hk/faculty/lim-wooyoung)

[Strategic Thinking Skills: A Key to Collective Economics Success](https://bm.hkust.edu.hk/bizinsight/2026/01/strategic-thinking-skills-key-collective-economics-success)

We conduct a large-scale experiment to measure elementary aspects of strategic thinking skills and their linkage to labor market outcomes. Two incentivized measures of higher-order rationality and backward induction are developed. Males' (females') strategic thinking skills are positively (negatively) associated with individual labor income. However, among
...
[Read More](https://bm.hkust.edu.hk/bizinsight/2026/01/strategic-thinking-skills-key-collective-economics-success)

[ [Leadership and Behavioral Decision-making](https://bm.hkust.edu.hk/bizinsight/leadership-and-behavioral-decision-making "Leadership and Behavioral Decision-making") ]

[Read Full Paper](https://pubs.aeaweb.org/doi/pdfplus/10.1257/mic.20220259)

[LIM, Wooyoung](https://bm.hkust.edu.hk/faculty/lim-wooyoung)

[Herd Immunity and A Vaccination Game](https://bm.hkust.edu.hk/bizinsight/2021/04/herd-immunity-and-vaccination-game)

[Game Theory](https://bm.hkust.edu.hk/bizinsight/tag/game-theory)

[Herd Immunity](https://bm.hkust.edu.hk/bizinsight/tag/herd-immunity)

[Epidemic Transmission Model](https://bm.hkust.edu.hk/bizinsight/tag/epidemic-transmission-model)

[Vaccination](https://bm.hkust.edu.hk/bizinsight/tag/vaccination)

[Layperson Talk](https://bm.hkust.edu.hk/bizinsight/tag/layperson-talk)

Would the affected communities voluntarily obtain herd immunity if a cure for COVID-19 becomes available? The conventional wisdom says “no” because of the fact that an individual's decisions does not take into account its positive externality to others, i.e., if you get a vaccine, you are improving the chance that other will get sick. That is why people
...
[Read More](https://bm.hkust.edu.hk/bizinsight/2021/04/herd-immunity-and-vaccination-game)

[ [BizTalks](https://bm.hkust.edu.hk/bizinsight/biztalks "BizTalks") ]

[Watch Video](https://video.ust.hk/Watch.aspx?Video=0C9E5E243E0177D2&embed=Y)
[Read Full Paper](http://wooyoung.people.ust.hk/journal.pone.0232652.pdf)