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Episode 214: Coronavirus 2020 Part 2
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right good evening everybody it's Nate G here along with dr. Doug Lyall and dr. Jen hawk with the beat your genes podcast dr. Lyle dr. Hawk it's been exactly one week since last week well it's kind of redundant but yes exactly one week since since our last show with the corona virus so today we are going to be doing the corona virus part two there have been a lot of questions a lot of emails between all three of us people have been emailing us so we're just going to go from that further for that how you guys doing this evening good how are you you know it's interesting because last week we had the show and I was a little bit more relieved yeah but just you know my personality is such that you know I the the H CNC and me was just I mean I was having a tough time not staring at the news just reading every little bit and every every little news about California going on lockdown just just put my worst case scenarios and overdrive mm-hmm and then something interesting happened then I read your article your recent article doctor Hawk and I watched dr. Lau's recent video I know I'm a Star Wars fan so I was affectionately titled a new hope and hmm and all of a sudden my nervous system started to calm down so I'm still a little bit glued to the news no but this show let's let's talk a little bit more about it so dr. well dr. Hawk fire when ready let's talk about corona virus yeah go ahead Jen we're inundated with corona virus what are what are some of your thoughts and then I'm happy to to spin for a while to whenever we were whenever we're ready yeah well we could go lots of different directions with this mean people I think a lot of people are having similar experiences to what Nate's talking about where they're they're glued to the news they're in a high high alert state and they're just having a having a really hard time and you know I am engaging with this and I've got I've got pretty much the ideal personality for for dealing with a situation like this I'm fairly introverted you know I'm slightly extroverted when I take the test but I really am quite introverted in practice I'm just barely over the average line very emotionally stable you know quite agreeable the only thing that's really being challenged personality-wise by the current situation is openness but you know there's the that is actually helpful in such a situation because openness lends itself to some optimism around everything and so I kind of have been thinking about personality a lot in the context of going through a going through a collective moment and and watching how that moment affects different people differently and how they're coping with it and looking at my own personality and my own agitation and my own you know I have a similar similar experience to some degree that you're describing where I I kind of have my ups and downs with it where I'll reimburse and then if I spend a little too much time reading things that are a little too scary and worst case scenarios it's it's a that is all extremely salient to the stone-age brain you know it's for reasons that I I wrote about in the newsletter that you referred to and we can talk about more but you know bad bad news has more Stone Age significance than good news and we are in we're completely immersed in this in this informational matrix where we are completely surrounded by brand-new information all the time and it's all very scary and so I think people everywhere on the personality spectrum even if you're very introverted and very stable you're having some turbulence associated with this and it's still uncertain enough in terms of you know we can we can run models and we can look at the data that we have available and all of that is reasonably reassuring like we talked about extensively last week and and I think dr. Lyle and I still believe looking at the best available data but it's it's not it's not a it's not a no big deal situation it it's obviously it's a very big deal and people are being affected in really direct ways and lives are being upended and businesses are being profoundly disrupted and nobody can really project them themselves in into the future in any sort of meaningful way to figure out where it is but they they themselves are going to stand relative to all of this in the next couple of months and that's a very destabilizing psychological experience for anybody to have and particularly if you do have any instability in your nervous system or if you are more on the extroverted side or you just you just have any kind of personality characteristic that makes you more more susceptible to the to the turbulence of the moment so I have just been telling people you know regardless of what what their specific situation is that this this is as uncertain as it gets right now this is you know we are sort of in you know the the absolute heart of trying to figure out what this is going to look like and in in some ways even if even if we do descend into were scary worst case scenario Vil which I don't think we will but even if we do that brings certainty uncertainty allows us to weave a more finely calibrated cost-benefit analysis relative to the problem and I think what's really what people are really struggling with is is just the the uncertainty of being able to to locate that cost-benefit analysis and constantly updating it and constantly running new new parameter estimates to to secure their position in space and time and that's exhausting and difficult and people just need to have a lot of patience and compassion for themselves just in the in the heart of this moment which is not going to last forever it's wonderful doctor dr. Hawk thank you baggles dr. Lyle yeah well say you're the it's actually it's a it's unfortunate that this is you know this big health scare and that it's scary because for its it's clear to me where I really where my ideal place in the world was I knew it was in engineering but now I really know where it was which was in epidemiology yeah yes but I found your colleague there's there's nothing more really interesting to me than numbers stats well women are more interesting and even then your anchormen numbers yeah but but yeah so this is a this is a giant fascinating math problem and it's been interesting for me too to look at the the thinking that comes in from all over the place and and I found some people that that I thought are obviously they're exceptionally smart and that they've thought deeply about the problems and I've learned you know from from their analyses and the and I sort of percolate that together and anybody that is that knows a space like this knows that you have to do some equivocating because you're not sure what the parameters are and their parameters are numbers keep coming in and you as as Jen's talking about your parameters change and you're trying to get a grip on this because we're talking about a life and death thing so I guess another place for me to have been would have been in the stock market which is also an entertaining place these days but again numbers parameters estimations mathematical models this is all quite interesting and it shows me something that I already knew which is the extraordinary importance of statistics in in trying to understand the world around us the the stats now some things have obviously we know more now than we knew we week ago but we're still under a lot of uncertainty I think that I think it's it's looking like this thing is certainly not the the horror that that it looked like it might have been you know three or four weeks ago still if you look at closed cases worldwide like fifteen percent of the people have died and the the World Health Organization is still going post the amount of cases versus the amount of deaths and it's still gonna look horrendous it's gonna look over to or you know two or three percent something like that I think that there's enough evidence creeping in that is going to indicate that this thing is going to be probably somewhere in the neighborhood of around half a percent may be as high as a percent probably not but let me explain for people a few problems with the data that we have now well incidentally there is something coming that you want to be mentally prepared for so I'll talk about a variety of sort of mathematical perspectives why the perspective and I interrupt you really surely before you before you go on the date no I'm just kidding ready for a wall Nathan really I just wanted to ask if if you could tell us where this data where you're getting this data cuz is it the World Health Organization I mean when I was at first looking for the data I was just Google you know what's the death rate but right now I'm assuming some other people do that as well so where where are you getting this there's a website called world ohmmeter and that gives you the fastest changes in the data all over the world so it gives you every country breaks it down by country one of the things I wish that it did which it doesn't do is tell us the age of death of the individuals that have died that would be extremely I think reassuring to all kinds of people to see that you know we've got we've got evidence apparently from numerous sources that that obviously all of the data indicates that people over 80 or you know quite a bit more at risk than people that are 70 to 80 and people that are 7 or E to 80 or much greater risk than that are people or 60 to 70 etc all on down the food chain the by the time you get to people 40 and under the risk is exceedingly small 40 to 50 it's very very small but it is it's a tick higher but people from 50 to 60 it's it's very low but it's but it's there it's on it's on the radar it's 60 to 70 quite low when you start to hitting 70 the the rates start to get you know scary to the point where if you're I think it's probably looking and is somewhere in the range of four percent three percent four percent of people who have are infected if they're in 70 to 80 so that would be if you think about that the average age of that population is somewhere around 75 so a little bit less than that probably just because that it's not a it's not a straight bell curve with 75 and then a bell curve around 75 there's a little there's a few more there's more people in the world that lived 70 to 75 and lip from 75 to 80 but it's probably 74 so the if the average person in that cohort is 74 if they're a nonsmoker their their odds might be might be three ish percent if they're a smoker their odds might be five or six percent so that's what those numbers look like overall in total the numbers might be around for something like that so that's what that means so pretty scary thing but but this is going to wind up being from 70 and up with average ages in the 70 to 80 cohort the average age is going to be late 70s obviously if you include all those people so so probably an average age of a wider nose 77 altogether those people are experiencing a pretty pretty high rate of risk five six percent something like that with smokers disproportionately high in that range so the but that's that's who this virus is overwhelmingly getting that doesn't mean that that nobody else is at no risk obviously but that's that's the lion's share of who's under threat here which is essentially the same the same individuals in principle that are under the threat from the flu which incidentally takes least somewhere thirty forty or fifty thousand Americans here and six or seven hundred thousand cases here worldwide so the so to date I think we have seven or eight hundred Americans who died of this so keep in mind we've probably had fifteen or twenty thousand deaths maybe ten or fifteen thousand deaths so far this year from the flu so so far it's what this is it's a tremendous threat and it's going to hit us but it hasn't really hit us yet so when you see the numbers in big red letters that shows 777 Americans have died keep in mind what an extraordinary small number this that is and against the backdrop of 330 million people so so far I mean it's these are fascinating and important numbers to watch but statistically this is being dwarfed by the flu to date by prep more than a factor of 10 so essentially this would be we would not be able to detect to date the difference in a flu season if we didn't know the difference between this and the flu and a flu particularly that the amount of cases where people were in trouble and dying really wouldn't look any different the it would be a minor blip it would be a tiny bit 10 percent worst flu season so let's keep in mind that that's where we are right the second but everybody with a brain understands that that's not where we're going so where are we been up to now with respect to this has been sort of like if you're whitewater rafting so if you're whitewater rafting you know you know that you're going to hit some Rapids and it's going to get scary and so right now even though people are terrified the truth is is that the the death rates up to now have been big really nothing to speak of that doesn't mean that you know hopefully everybody understands what that means every one of these things is a sad situation but statistically this is nothing this is now we've got 330 million people in the country we've talking about six or seven hundred deaths or so we're talking about one in five hundred thousand Americans has died of this disease so far I say just keep that in mind one in 500,000 so the with with the flu being ten times that much it's been it's 1 in 50,000 so now what we're going to do is we're gonna realize okay well what's the big fuss about if up to now it's 1 in 500,000 and the reason is is we've got an infection that we can track a death rate that is you know non-trivial it's multiple times with the flu is and so as a result we know we're gonna get hit and it's coming okay and it's coming here you know we're gonna learn a lot about what the real parameters look like here in the next 30 days but one thing is for sure and that is to prepare yourself for the media onslaught when this goes from you know 750 cases very quickly to a couple of thousand cases very quickly to five thousand cases pretty quickly to ten thousand cases and then to 20 and when you see that it would be easy to essentially be intimidated and feel like things are completely out of control but things are not completely out of control at that point the corona virus will have caught the flu essentially is what will have happened the the numbers will be similar and keep something else in mind that if when you hit twenty thousand cases which I believe will hit in April that will mean that the corona dot that will be essentially net now we're talking about a different level of numbers now it's you know one in 16,000 people will have died and this country from that disease now remember that one at eighty people will die this year just in general so essentially this will will have added a factor of one in 200 to the death rate for the year so this is now still even though it seems like a lot of people and it's going to be scary as hell looking at those numbers it's really still not anything that's out of control what happens next well what will be what was important okay so what we don't know all of the work that everybody's done around this country to try to flatten this curve out to try to essentially attenuate this process so that maybe we can also get a big boost from what's going to happen you know maybe with summer weather helping out this thing could calm down and our efforts might really pay off so we don't know what it's going to look like yet we also however will know probably within three or four weeks we'll actually know what the death rate probably is there is to the best of my knowledge there is one place that is is the only place that is actually collecting the data that's going to give us the best estimates there's estimates have come from a couple of different sources that are interesting and important one of them is the Diamond Princess that had about 700 and some people infected ten of those people have now died I knew that eight the first eight were 70 and over the last two I don't know about I haven't heard their reports on those so once again we are looking at something that in that case now looks like a percent and a half but remember the the people that are that are being impacted are all these elderly people so it's looking like the same three or four percent of the age average of 75 or so that we already expected so there's nothing spectacular happening on that boat that the it looks different than what you're seeing elsewhere the the other couple of databases that I'm watching one of them is Germany because German Germany is has tested a great many people and they've been testing a great many people for a while so what we're watching is we're watching the deaths against the amount of total cases that was looking like about 0.3 or so a week ago that now death rate looks more like 0.5 so that's ominous and disturbing so it looks but it's still not the greatest data just because it's not actually systematic testing of the whole population so it's but it's getting more and more representative as the numbers of tests and the number of cases gets larger and larger so it could be that we're converging on something north of half a percent who knows we're not we're not sure yet the the I believe that the best data in the world is going to come out of Iceland the reason is I believe Iceland is the only place that is actually running essentially random testing it's they're testing everybody so as a they're a small enough place and they're isolated a place that we may get a really good look at this because there are as many sources of evidence or indicating that an awful lot of people are out there that are positive for the virus that have no symptoms at all and never have any symptoms so this is we're hoping that this is the case in Germany and that the German net has not been quite wide enough and that 0.5 may be the upper limit of what we see and then it starts to recede when we get larger and larger amounts of people tested in other words I think it's somewhat statistically possible that the people that are doing their tests are more likely than the average bear to have the virus because they may have some symptoms even with large amounts of testing there could easily be a bias in there that could influence the data that we eventually observe in Iceland right now it's too early to tell so we don't we've got about 6 or 700 cases we have a couple of deaths so we've got a number of people in critical condition not a lot but some it could easily be enough of those people could could die or the existing other case as could deteriorate such that we could we could wind up with something that we don't know what it could look like right now it's not over 0.5 right now it's in the in the beneath there but we it's it's too early to tell so given that the u.s. rate again the u.s. is not has not have been a big tester so a great number of the US tests have gone to people who are ill or have symptoms the u.s. rate is currently one about 1.2 percent it's been dropping I've been watching those numbers drop again non-representative samples it's hard to tell what it looks like but here's what it doesn't look like it doesn't look like the two to three percent that that would have been you know and would be an incredible calamity so two or three percent would would put you know in the US population will put seven or eight million people at risk the that that would be a staggering wave we are still we still have the possibility that that's how many people would be at risk if the virus was so very like that yet it not only killed that number of people but it was also super communicable and everybody got the virus which is unlikely what most epidemiologists I've listened to don't think that that's a remote possibility the so when we start we start looking at things like the flu we're starting to look at things that might have you could have 50 60 million cases in the United States of this thing potentially if you did and you have you know half a percent then half a percent would be 300,000 cases that would add you know and we know who they would be so we we know that this is going to be heavily loaded in our elderly population remember that was so now I want to do something else so now that we sort of look at these numbers and we're preparing ourselves for the Whitewater that you're about to get in April so it's it's coming you're gonna get some scary news gonna have some big numbers up there and when you see 20 25,000 Americans have died of this and hospitals are are you know working overtime remember that this is not actually unexpected that this is this is the fear and they're the reasons why we have done all the things that we've done and and we're still you know 20,000 people remember is a an exceedingly small number of people it's 1 in 16,000 and remember when an 80 of people will die this year ok so that's so we are that 1 in 16,000 of those people is plucking off some of the 1 out of 80 that were headed that direction this year certainly so the what does this all mean when we get away from the big numbers and the scary news shows and let's back up and try to figure out what it means for us the thing that I read in the last few days was a was again a calm reassuring intelligent report of a Nobel Prize winning chemist at Stanford University I don't know his name Jen may have written it down did you did you write his name down somewhere I did just a second here it's Michael love it isn't that given that LA Times yeah we are them we posted we posted links just for people who are listening there's a keeping a sort of collection of useful links for articles that we talk about that I have linked from my Instagram page and also from my Facebook page but I can send it to Nate so he can post it on the beat your genes page as well it's just a little link link tree list of articles and resources and things that we've been referencing and that we would recommend and that article is a LA Times article that Doug is talking about and it's on that list yeah so this this character obviously plenty of brains it's a it's almost artistically ridiculous because apparently what did was he looked at the math in February and he his his report was published I guess in the China and major China newspaper that based on early data he said you're gonna have eighty thousand infections in about thirty to thirty two hundred and fifty people are going to die by X such a date when that day came there was about eighty thousand three hundred cases or something like this and there was three thousand two hundred and forty five deaths so he was only within five okay so when I hear something like this that wasn't done post hoc in fact he was published early and the guy said this is what's gonna happen and then that's exactly what happened you get my attention so his analysis of the situation is look this is going to be unpleasant a lot of people are going to die of this but here's the way to think about it when it comes to you because that's really in the end it's it's about the people that are important to you and it's about yourself it's like what does this mean for me this was his way of calculating the numbers for your personal risk and I thought it was very interesting what he said is I think I'm getting this right chance you correct me that that you're if you get the virus your personal risk of death doubled for the next two months what it otherwise was going to be okay so in other words if you are 45 years old and healthy your risk of dying in the next 60 days is infinitesimally small but that that's that that it's double the risk that sounds very scary in the way that those those relative numbers always sound scary without people who have a sense of the ABS what that absolute data is your risk of dying and the next month is very very very low if you're in that low risk group so double double almost zero is still almost zero so that's what that's we'll miss when they when they hear that sort of phrase like oh my god it doubles my risk of dying and that does sound there yes Marian taps into like like a lot of adrenaline but when you actually like what does that mean for you it does not mean that you are that meaningfully more statistically likely to to be taken out by those things so that's just very important for people to understand right it sounds awfully familiar with a lecture I heard either you or dr. Goldhamer or somebody in the plant-based world say and they looked at a study of cholesterol advertisements cholesterol medication advertisements where they say it will lower your cholesterol by you know 50% and it went end up going from 3 to 2 yeah relative and absolute differences that's a huge big marketing trick and and very confusing to people right but this is this is really an interesting way to look at it so let's suppose you are 75 years old and let's suppose you're in not very good health and so if we if we did a Northwestern Mutual Life you know we had a doctor come and take every parameter on you and they would say you know what you're you're probably not going to make it more than three years based on all these numbers and so you're kind of in the bottom end of the curve of 75 year olds because the average 75 year old probably has you know seven or eight year life expectancy so we'd have to look that up on a table but that's probably the case so let's suppose well let's suppose you're an average 75 year old if we look this up on a social security database table we would find that the average 75 year old probably has let's let's guess that it's 8 years it's not a bad guess so all other things being equal we're just taking somebody smack in the middle of the bell curve not doing anything particular stood not doing anything smart this is just a got 50 percentile written on their forehead so that means they're going there they're expected to live a hundred months basically so they're their odds of of dying in the next month are very small so let's suppose that you know that that's actually so the life expectancy is is eight years they could live 12 but they could live for they could live 16 but they could live none so as a result the average is eight years so in principle we would look at this and say okay well it's about a hundred months to go of this life and then the person's going to pass away so there's you know we're gonna call this a percent a month so there's sort of one one chance in 100 that you're gonna pass away but now you caught the coronavirus so in the next month the next two months your odds of dying would have been 2% collectively adding one in one but now instead it's going to be four okay so that's what it's going to be so that's what this this epidemiologist or caste was trying to explain so this is why the numbers look the way they do remember not a lot of 55 year-olds died just up and die in the next two months not a lot of forty six year olds up and die in the next two months it's just not how it works but a lot of 77 year-olds up and die in the next two months in fact one or two percent of them okay in the next two months four or five seven eight 12 percent of them are gonna will die this next year okay so you know at five or ten percent a year in the next collectively over the next ten years they're very likely if you're 77 your life expectancies probably six seven eight years okay so you're your chance to die in any individual month as you get into your later years it's like 1% like this that's what you're staring at now there's a 99% chance you're gonna survive the next month but there's a 1% chance you want now I want you to think about the people that are very ill so you're not an average 77 year old you're a sick one so what are your odds well your odds are the she might only reasonably expected to live the next four years okay so you're not in as good a shape as your brother Harry who took care of a little better care of himself so now you've got about 50 months left not a hundred so as a result your odds are two percent a month so over the next two months your odds are about four percent whereas if you catch the coronavirus it's 8% there's the big hit so this is exactly the kind of numbers that we're seeing from the coronavirus that's why it's loaded the way it is if you're 62 your odds of dying in the next month are are not 1% they're probably two-tenths of a percent okay so over the next two months it's probably four tenths of a percent and so if you get the Kuran virus it's probably eight tenths of a percent and that's the kind of numbers that we're gonna see so from your standpoint form anybody that's listening the way to gauge this I had a friend of mine who is really upset and worried about her daughter who was taking her granddaughter into a store it's just all upset about this and just loves that grandchild so much and grandchild is about a six-year-old girl and I said the odds are effectively zero that I don't know that there's been a case in the world of a person under 10 I don't think there has has been so the you know is is it possible and are we gonna get one well if we if this virus worldwide manages to match the flu and has a you know and 650,000 people died of this virus including you know thirty or forty thousand Americans if it matches the flu this year then undoubtedly we will see a few cases of very young people but statistically this is exceedingly small they're they're more likely to die in an auto accident so this is this is what we're looking at the numbers are gonna get ominous but curiously enough you know when when the numbers when we're looking at the impact on you and this thing goes to 20,000 in the next month remember it's 1 in 16,000 people it's nobody that you know it may be somebody you've heard of or a celebrity or something like that but 16,000 people I don't know 16,000 people so the odds of this getting hitting close to home are very low and so our job is is what it always is as it would be with the flow if you were sick with the flu you know don't go visit your grandmother be careful be respectful be responsible the new term of the of life is social distancing which you know I didn't know what they were gonna call it that's kind of creative and intelligent now we all know what that means and so you know we were smart about this hopefully we flatten the curve the big thing that we were after here I think that we're going to achieve just went to some degree of success is not that we're going to blunt and stop this thing from taking a lot of lives early in other words a few months early maybe a year or two early in some cases but what we're going to be able to do is hopefully through all of this collective action make it so that we don't have unnecessary deaths that human beings could have prevented by by more optimal use of our medical facilities so that's that's what we're trying to do and now we brace for the Whitewater because if we're going to get it absolutely fascinating then this brings me to another question for you dr. Lau and dr. Hawk because dr. Hawk just recently wrote an article called when bad news is good news yes and and so I mean that the general question is is rick brilliant by the way I'll tell you what I am I am rarely just absolutely envious of somebody else's writing so I've had that experience it's like Harry Potter I just got to tell you that woman's frickin genius okay so it's just the way it is and Carl Sagan could could tell could tell a story and Richard Dawkins in his prime you know and some of the things that he done has been incredible but when Jen Hawk scribbled that thing out I heard when she started it and it wasn't long later that she was done believe me it was like I'll get back to you in about half an hour Doug I've been working on something tremendous Jen just a just a just a work of art yeah go ahead and anything yeah you can talk you go trap alarm over here oh you already finished it right now we're putting the bar next one better be much better yeah go ahead Nathan no it's just an excellent article I really can't say more than you already did dr. Lyle about it but but the question I have is about this extreme polarization like I've done I got some nasty emails and I've seen nasty comments on Facebook on the social media sites got some emails that you know after the podcast last week people are I suspect they were misinterpreting what you're saying or hearing what they wanted to hear out of it whatever it is mm-hmm but but I you know I haven't seen it this bad since people started to start talking politics you know it's it's sorted Jen's this is your your hey you wrote it it's talking about sort of polarization just generally not necessarily about you know anything that I was saying or that you were saying last week but it's I I have been quite astounded by how politicized it has become and how quickly and you know I talked about in that article and if people if people want to read it again we'll all send that to Nate so you can put it on the beat your genes page it's also posted on my website at Jen Hakam if people want to find it but the I was talking about essentially the the Stone Age incentives that we have to be to bring new information to the village so there weren't a lot of ways in the Stone Age to improve your lot in life you were you were born into a caste system that revolved around looks and ability it's very much like high school and so you were kind of stuck with the social standing that you had but one of the one of the best ways to improve your position and we've talked about many many different examples of this on on various podcast and elsewhere was to to bring some useful knowledge to the village that improved everybody's chances of survival and gene-gene survival and that could come in the form of good news and it often did so hey I discovered a better way to build a mousetrap I discovered a new food that we we a new place a new a new hunting ground I discovered something very positive I learned from somebody that I met at an in another village and I'm bringing that back to you but it also very often came in the form of essentially bad news and bad news could be an early warning you know I I was over the hill and I saw the advancing barbarians and we better get out of here and so people who were burying bad news you know there was a chance of vastly increased social status that accompanied that and so we have a built in little Stone Age circuit that kind of gets us excited about bad news and and then you you insert that circuit into a world of social media and everybody has their own little their own little soapbox that they can get up on and we know that people once they make essentially a public declaration of an opinion or you know any kind of assertion and the public sphere on their Twitter feed or on Facebook once they've committed to it the costs of reversing that position increase massively you you are it you were very disinclined to correct yourself later on once you've committed to a stand on something like that so that's part of what why people just tend toward polarized debates about everything in general is everybody has their own little megaphone and they've committed to their position and they're risking a major major status hit to reverse position the correct thing to do from from an evolutionary perspective is to double down on what you have stood behind and if you have if you're a certain the worst and you're the bearer of bad news and you're out there posting the data that says that this is going to be a total catastrophe and all of our systems are going to collapse you've put yourself in a situation where you you have an evolutionary logic that is driving you to commit to that and double down on it and essentially hope for the worst-case scenario and it's it's a really it's a it's a difficult place to be and you're you're your captive to strong Stone Age algorithms that are driving that kind of incentive because the potential payoff is so high if you turn out to be right because you you brought this information to the village you tried to warn the fools that there's a lot more status associated with that then oh hey my bad I guess I overreacted whoops like that's not that's not going to be a good look for you in the Stone Age so the the polarization rounded in the the degree to which people have have really dug in and are becoming like catastrophizing and advocates I think there are very good evolutionary reasons for that but it has led to a real deterioration of conversation about this and it's one of the reasons that I have had to really make sure that I follow my own advice and stay off of social media for the most part and really carefully exposed like choose my sources carefully so you know the article we're talking about from the Nobel laureate that guy is a you know he won that prize for for complex chemical modeling he's a biophysicist this guy is it is a useful source of information about this problem where you know my cousin's on my facebook feed are not not exactly the greatest resources so you just have to be the discerning the careful control your environment just like we're always talking about controlling your environment your environment is absolutely you know defining your life experience whether that's who you're spending time with which you may or may not have as much control over given the current quarantine situation but it's also your information environment and what kinds of resources and information you're exposing yourself to on a regular basis and it's especially when you are predisposed to to hear things like relative risk and these big numbers that are being thrown around and the the the over-representation of outlier cases that are just going to lend themselves to splashy headlines on social media and elsewhere like oh another 39 39 year old healthy person is is you know falls ill and is dead within a week from this thing it's very very scary very over-represented because if it bleeds it leads that's the story that you're going to see you're not going to see the story about the 75 year old with complications from diabetes who was very likely to die this year or next year as as Doug is pointing out those those stories do not make headlines you were being exposed to a non representative environment of information if you're not careful so those are those are a lot of the pitfalls that people will get into around us which is you know why I really appreciate it doctor dr. Lao your video when you basically said that that it is the right move to overreact until you know more because not overreacting could cost you your life and you know in the Stone Age and so now but now that we know as more data becomes available then we should shift our behavior as we know more and more about this so that that actually gives no sigh of relief because yo it allowed me the the that okay I can give up the status that maybe I had been holding on to because you know all of a sudden now yeah that was the right move may no longer be the right move when we have more data so yeah I also I don't know if people are aware of this but it's an election year so there's some context with that as well and there are you know we've talked about what we call perverse incentives in the political science world on the show before and the you know sort of there are perverse incentives to you know be be seeking news that is is disturbing to keep things somewhat uncertain and advanced political agendas on both sides of the table so there's a lot of there's a lot of leveraging of a moment like this that's going to be it's it's politically irresistible so anybody who is in the business of politics is going to be at some level excited about a crisis because it provides a lot of opportunities to rally the troops and to you know pursue other agendas and to do a lot of different things there there there's a lot of great political science written about this kind of phenomenon and you're seeing both parties doing that too to some significant degree and it's getting amplified in the months leading up to a very important election and I think we can just expect a lot more of that and sort of competing agendas for how to interpret information as it develops particularly as as it remains as it has any uncertainty with it at all which it currently does mm-hmm now so the next question I have then is is about the economic impact and then the more personal economic impact so obviously you know the economy has been going down quite a bit for a couple of weeks more so than we've ever seen at least I've ever seen in my lifetime and and you know I have faith in the the system that it will recover but in the short term what what advice do you have for for pay maybe people who are either getting laid off or businesses who may be struggling or anything anything in that realm dr. Lyle dr. Hawke yeah I it's good question I mean this is a there's some so many different perspectives because people's situations are also different this is where we learn you know it if you if you go through a tough time here then then it will be an important lesson the the great basketball coach John Wooden who was so full of little little concepts that he would distill into sayings to try to teach his young men really about life and one of them was a saying that says when you lose don't lose the lesson and that's that's what I would say here that the lesson is be prepared you know any any any sort of financial adviser analysts anybody that thinks about any of these issues knows that you should reasonably be able to handle six months of serious trouble that's why you have insurance that's why you have savings you know you don't know that you're not going to be in some nasty auto accident and laid up and not being able to work then you're going to have some degree of unemployment and you're gonna have some stopgaps but you know careful of your overhead relative to your ability to be resilient to some unforeseen circumstances so the and if it turns out this that this what happens here in the next 60 90 120 days which I don't think it's going to be an economic calamity for that long but it could be if it is and you know there are serious problems that you you know that you have to struggle with which there will probably be inconveniences there probably will be nothing quote serious the in other words you may be inconvenienced your savings may go down you may have to increase your debt you know etc you may have to apply three times for unemployment because the government's slow getting it to you we don't know what the problems are you might have to move in with your mother and get a foreclosure but I just understood that you know the law is stepping in and stopping that kind of thing from happening so however if you are kind of seriously inconvenienced and it's unpleasant and it's embarrassing and it's uncomfortable let's keep it in perspective you're probably not going to be cold you're not going to be hungry and you're not you're your life isn't going to be threatened you're going to be inconvenienced and you're gonna have a financial setback if that's uncomfortable and results in a lot of dislocation of your life which it could if that's true then it's gonna be frustrating and bitter and disappointing and all sorts of things but if when you lose don't lose the lesson and that means okay next time I won't play quite so close to the edge I will be a little bit more conservative with my behavior and I will be better prepared for trouble and always you know that's a that's why we have insurance for various things but when it comes to sort of short and intermediate term calamities that could impact your life significantly that's why the the best insurance that you can have is to have some money saved in the bank and to have an overhead that you know that you can cover for a period of time of trouble so that's that's what I would tell you and if it turns turns a little bitter and you got to sell your cell your Mercedes let them reprint possess it that's okay we can we can get past all of that because in the end what really is going to count is your health as long as you get this thing through this thing and you're healthy which the overwhelming majority of people will okay so let's you know let's just revisited so let's suppose that you are an elderly person now let's suppose that you are at high risk what are we really looking at you are if you are in your 70 something's late 70s your odds may be four out of a hundred if you get the virus that you don't make it but the odds of the virus visiting you are probably no better than one out of ten they might be higher but they're probably not so that means that that's about four out of a thousand so probably four out of a thousand seventy seven year olds yet you know we'll face this problem that means 996 out of a thousand more so let's keep in mind this is not a tidal wave although the numbers could look like it it's a threat yet you know it could touch your life directly but most likely the the most likely way that it touches your life is going to be you know in your pocketbook and being inconvenienced hopefully most of us will be fine will be slightly annoyed and bitter and uncomfortable about some there our balance sheet isn't as good as it was planning to be by the summer but that is not a problem that's what I call BS problems those aren't real problems and in most of the problems that will come out of this are inconveniences not tragedies so but we can we can always learn the lesson if we if we need to and if we have to go through this and it gets uncomfortable than it does but we'll be better prepared next time I was reading that world or Meadows world Oh Meadows world Oh meters dot info a couple of days ago and I was it's interesting that SARS the the severe acute respiratory syndrome had a death rate of almost 10% yeah and the mayor's which is the Middle East respiratory syndrome was like 30 over 30 percent yes so yeah and yet I don't remember such a crisis cycle well there's a few thousand people that died yeah it was smaller yeah smaller numbers and also I mean don't underestimate the rapidity with which the information has spread with social media like I know I'm harping on that but it's a the during that certainly further SARS a little little different for the Middle Eastern respiratory but the the SARS crisis that was I don't remember what year that was but it was maybe 2000 to 2004 somewhere in that neighborhood and it was you know we were not living and the kind of constant information overload kind of state that we are now where people could share information and information could spread as quickly as it does and as could misinformation and exaggerated numbers and you know the sort of over-representation of outliers all of these things are contributing to a little increased level of hysteria I'd also just add to what Doug was saying about don't lose the lesson that you know I really I really appreciate that a lot of people are not you know don't don't have savings you know a lot of huge percentage of people have less than $1,000 in savings or no say at all and are just completely vulnerable to this kind of situation and and you know have gotten in that situation because of a lot of different interacting life circumstances so it's it's don't don't lose the lesson not just in the sense that oh well you should have more money in the bank because you know of course you should have more money in the bank and it doesn't always seem possible to do so but that's you know that's a lot of what we're what we're talking about about the difficult decisions that you have to make you know downstream with with how you're designing your life and the the kind of environment that you're creating for yourself has has a lot to do with your ability to set up that kind of safety net for a moment like this so people will get in these situations of financial dependence on other people that will essentially bypass the process of creating your own safety net you know whether it's marriage or whether it's dependence on parents or dependence on adult children or any any number of different types of enmeshment that people get themselves into and they get complacent and and you know don't don't kind of defend their own experience against the worst-case scenario so that's one way that this can happen another is that people will be in a job where they're not making very much money and they're not able to save as much money as they would like because of a personality distortion of agreeableness their conscientiousness or all kinds of different things I mean there are just a million different scenarios that are going to contribute to environmental choices that make protecting yourself against this kind of situation more difficult so you know when we're talking about don't lose the lesson its encompassing all of that it's encompassing the way that you're designing your life and making these choices and who you're spending your time with that all of those things are contributing to the the overall context that makes you more or less resilient to any kind of crisis including including a public health one like this one yes dr. Hawks are you suggesting that we that we design our life to have friends and potential mates as people that we could see ourselves being quarantined with yeah well ideally yeah I mean that's kind of like a little it's a little snap test of you know if you're if you're stuck with these people for an indeterminate amount of time and you hate them you know it's it's if you're in a relationship that you haven't been happy with and now you find yourself locked in with that person and surviving this this experience with them and it's bringing all of these issues to a head I mean I've been talking about all the liquor stores are closed yeah I've been talking about a lot of people who are having you know some version of that experience and that's that's another like you know the universe is telling you something it's telling you that this was this was never the right relationship and we just had to really escalate the circumstances to make that abundantly clear so yeah don't don't forget that when we get back to normal life and it's it is you know we'll use the word inconvenience a lot to sort of describe the your willingness to pay your willingness to be uncomfortable to make big changes in your life because you can always you know ease make the changes you can always quit the job you can always quit the relationship you can always break the contract but it it often brings with it an estimated level of discomfort and dislocation and inconvenience that we're not willing to pay and so this this kind of moment it's a pop quiz about well how are you are you sure you're not willing to pay it you know and how much are you willing to pay and you might discover that those parameters are not what you thought they were once you're really stuck this stuck with somebody they're stuck stuck in a situation or stuck confronting a level of financial insecurity that you you weren't prepared for so all of these things are opportunities to really reflect on the choices you've been making and how you can hopefully move forward with a little more you know a little more attention to these kinds of things going forward yeah I have just a couple little rules of thumb that I better that are kind of just worth passing through people's minds and is that there are hundred dollar problems they come up all the time you get hundred dollar surprises thousand dollar surprises are rarer they're significantly rarer but they happen ten thousand dollar surprises are very rare unless you're if you're a high income person and you're doing a bunch of business and $10,000 surprises are common but I mean relative to a person's ability to survive and be reasonably comfortable ten thousand dollar unpleasant surprises are not common the so it would make sense to be looking to try to get ourselves first to $1,000 saved to get to essentially buffer ourselves from fairly intermediate-level unpleasant surprises we get to five thousand dollars saved now we buffered ourselves against quite a few problems a high percentage of them you get to ten thousand dollars saves you've buffered yourself against a lot of life's unpleasant vicissitudes and so that's a kind of thing where you know with you know young people will say listen you know this is we should be in a position where if you know something bad happens you've got a way to reach out put your hands on that kind of level of income or that level of money maybe your mom has it and it's not a problem at all maybe you've got it somewhere already salted away that's fantastic and maybe you have good credit near the credit line and you could do it but by by some method it's essentially what you want is a buffer zone between you in trouble and now you know right now the the government knows that this is a problem for millions of people right now and so they're they're trying to come in and basically be that you know essentially be that buffer zone and so they're going to do what they can but mostly what we want to do is be be prepared ourselves so that's that's about all I have to say about it
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