University of Wyoming

As an America desperate to stem the coronavirus outbreak put in place sweeping restrictions last week on every facet of public life, the University of Wyoming economist Linda Thunstrom asked what felt like a taboo question: “Are we overreacting?’’

It helped that Dr. Thunstrom was in her kitchen, drinking coffee with her husband, Jason Shogren, a fellow economist who studies how much Americans are willing to pay to reduce risk of threats like terrorism, food-borne illness and climate change.

Calculating the economic costs of curtailing social interaction compared with the lives saved, he agreed, might yield a useful metric for …