It is always nice to learn that something known has a name. The Peter Principle is one classic example, or — my favorite — Gresham’s Law.
The Peltzman Effect is relevant because it was the reason our CDC and the WHO originally discouraged the general use of face masks as a prophylactic for coronavirus spread. But the effect is interesting in its own right as a psychological insight and possibly even as a contributor to social/political trends.
I’m reminded of Bugs Bunny who, after running off a cliff, remains suspended in the air. Instead of falling as expected he says to the audience, “You might think I’m defying the law of gravity. But you see, I never studied law!”