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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. Samuel Lee‏ @svrnco Jan 31
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      Interesting that there are no reported deaths from coronavirus outside of China for 100 cases so far. Dumb crude calculation: Odds of no deaths assuming a 2% fatality rate for 100 cases is 13%. If we go a week without anyone outside of China dying, the panic will subside.

      2 replies 2 retweets 15 likes
    2. Molson Hart‏ @Molson_Hart Jan 31
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      Replying to @svrnco

      It was a back of the envelope calculation, but I disagree with it quite a bit: 1. Selection bias (people who travel are of better health than those who don't) 2. Time lags on deaths 3. The whole thing is basically totally unpredictable Asymmetric downside to markets.

      1 reply 0 retweets 4 likes
    3. Samuel Lee‏ @svrnco Jan 31
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      Replying to @Molson_Hart

      The selection bias could go the other way: The sickest are most likely to get medical attention once landed. Lots of healthy people who had exposure (and may be carriers) haven't been screened for the virus in the US, Canada, etc. Agree re: time lag.

      2 replies 0 retweets 1 like
      Molson Hart‏ @Molson_Hart Jan 31
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      Replying to @svrnco

      Not simple to work out this question! Correct me if I'm wrong, but your argument is that if no one dies in the next week in the US, we can be quite sure that the fatality rate is much lower than we thought and thus, the virus is a non-issue.

      12:50 PM - 31 Jan 2020
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        2. Molson Hart‏ @Molson_Hart Jan 31
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          Replying to @Molson_Hart @svrnco

          I'm saying that the people most likely to die are those who are not those who will fly, so it will take some time before we start seeing deaths in the US. China has one selection bias (not enough tests). The US has another (people who fly are more likely to get tested).

          1 reply 0 retweets 1 like
        3. Molson Hart‏ @Molson_Hart Jan 31
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          Replying to @Molson_Hart @svrnco

          Either way, I still think this panic is going to last a lot longer than 1 week, even if we get no deaths in the USA. It can explode in a country like India for example and then we are back at step 1.

          1 reply 0 retweets 1 like
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        2. Samuel Lee‏ @svrnco Jan 31
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          Replying to @Molson_Hart

          Not quite. If no one dies outside of China, then we can be more confident that the fatality rate reported in China is exacerbated by China-specific factors (particularly a crappy healthcare system) and the risk to rich countries is much less than feared.

          1 reply 0 retweets 1 like
        3. Molson Hart‏ @Molson_Hart Jan 31
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          Replying to @svrnco

          That's another explanation, but is it right? How is the US going to treat patients differently from China that would have a material difference in survival rates?

          1 reply 0 retweets 1 like
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