For all the folks arguing COVID-19 isn’t that bad...what they are missing is that most consumer experiences aren’t that good. You're 55. Are you going to risk serious illness for a trip to the movie theater?pic.twitter.com/HCYVolA2NU
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For all the folks arguing COVID-19 isn’t that bad...what they are missing is that most consumer experiences aren’t that good. You're 55. Are you going to risk serious illness for a trip to the movie theater?pic.twitter.com/HCYVolA2NU
You're a libertarian? OK, one way of thinking about uncontrolled COVID-19 is a tax on every transaction. Some of your customers are risk averse. So society's inability to control the virus means that all kinds of previously cheap transactions have now soared in price.
Balaji S. Srinivasan Retweeted Balaji S. Srinivasan
Think of COVID-19 as a health outage, like a power outage. Our society is explicitly premised on the presence of electrical power. And implicitly premised on low risk of serious infectious disease. When the health goes out, some businesses don't work.https://twitter.com/balajis/status/1256805815467425792 …
Balaji S. Srinivasan added,
So this then gets to the question of: how bad is this thing really? What is the rational level of risk aversion, given the last few months of data? Early reports from China put the median age of admitted patients at 47, with ~41% of severe cases under 50. https://www.nejm.org/doi/full/10.1056/NEJMoa2002032 …pic.twitter.com/l9HMvuMgTB
The two largest Western studies I've seen on COVID-19 demographics are below. 1) US sample: 25% of hospitalizations were under age 50 https://www.cdc.gov/mmwr/volumes/69/wr/mm6915e3.htm … 2) UK sample: ~20% of hospitalizations under age 50 (from eyeballing top row of graph below) https://www.medrxiv.org/content/10.1101/2020.04.23.20076042v1 …pic.twitter.com/RUQIM91Di1
overall risk of death for young people is low but the younger people who are “not afraid” of this virus and not wearing masks as some show of bravery are just stupid. It’s a very nasty hospitalization course.
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