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so here we are doing a little different
type of podcast delivery this week we're
coming to you in a video format how are
you doing tonight
everybody where we decided we would do a
video tonight and so Nathan will be back
with us next week on the radio but so we
but general I thought we'd do this for
fun wish we could just see how it goes
yeah we're still getting a lot of
questions about coronavirus and this is
like a topic that just continues coming
up and we have new things to say about
it and some old things to repeat and to
reiterate about it and just figured that
it would be useful to get this
information out in a slightly different
format so I think what when we think
about this thing the reason why I was
thinking about today why it is that we
were thinking about it all the time or
at least signing em and I think most
people are and that's because
essentially the whole cost benefit
matrix of your whole life is now got all
kinds of variants in it yeah your your
mind has to keep chewing through these
variables trying to figure out what this
all means for you
yep so you can make good decisions so
yeah trying to do is certainly Jen and I
hear from many people that we talked to
they are they're really a very uncertain
may be a lot of anxiety irritation anger
think that there's conspiracies you know
and don't know what the future holds and
so what were what we're all trying to do
is try to get a better estimate about
what we think that future does hold and
what the risks are for you in various
ways we're essentially trying to get a
more accurate picture of reality and
that's what we're gonna try to give give
you tonight as best we can
yeah yeah I think this is the the most
sort of destabilized and uncertain
people have been about how to project
themselves out in some kind of what
political scientists would call an
ontological II secure position in the
future since I would I would say
probably since 9/11 even I don't think
the 2008 crisis quite constitutes the
current level of of just existential
uncertainty that people are experiencing
and so it makes sense that everyone is
returning again and again and and sort
of obsessively to understanding what's
happening and trying to make sense of it
and
locate themselves and the hole in the
whole matrix of it so that's why this is
part part three of an ongoing discussion
and perhaps more to be determined but I
think we're well positioned to kind of
mention some really important things
today that will help people get grounded
with us very good well Jen what are your
our resident Harvard doctor you people
are supposed to be so smart that's the
reputation that we have tell us like
what you know as a political scientist
tell us what some things that you're
seeing and what's going through your
mind and just you know give us a little
backdrop about anything that you see
this administration doing or and sort of
the world press what what do you see
that's interesting to you yeah well
what's been interesting is you know I am
a political scientist first and foremost
and sort of a classically trained social
scientist and so I'm always looking at
things through the lens of social
processes and you know it's we are in a
major election year and so there is a
little bit there's been a little bit of
exaggeration of everything that's going
on in in service of strategic political
goals which you would expect that's
that's just gonna happen anytime there's
any kind of crisis any kind of new piece
of information and so I think all things
equal and we talked about this on the
podcast a little bit last week all
things equal you have you have the the
left exaggerating the degree of the
crisis as that as a sort of challenging
position to the incumbent right side of
the political spectrum which if anything
is sort of a little a little overly rosy
a little a little overly optimistic
about where we are relative to
everything and this is what you see
reflected on the non-stop news cycle and
this is what people are experiencing as
they maniacally refresh their social
media feeds and and sort of silo
themselves into one of these
perspectives or in others so when you
talk more about that later about the
ways in which people kind of get a
narrowed version of reality that is that
is related to some some type of
political agenda or other kinds of
but that's that it been something that
I've been watching just on an ongoing
basis over the last few weeks which is
not not surprising from a political
science point of view and I was feeling
a little irritated that the
administration was was overly optimistic
ie we're gonna be filling churches by
April 12th on Easter this is no no big
deal we don't have anything to worry
about it's all gonna be cleared up in no
time so it's been really interesting for
me just today in the last last 48 hours
or so is to watch Trump walk that back
which is something that you don't you
don't see that often from him you don't
see him admit that he was wrong about
something so that's that's interesting
enough to watch but he he is correcting
himself in saying that was overly
aspirational and that was what we were
hoping but that's not what it looks like
is going to happen after all it looks
like more like we're remaining in the
quarantine default until the end of
April at the earliest and looking at
some return to normal life probably in
June or so so just from a political
science point of view that's very
interesting in the sense that it tells
me that they are narrowing in on some
some parameters which of course are your
favorite thanks Krantz but we just love
nothing more than some good parameters
and that they are they are probably a
little more optimistic than June or they
wouldn't they wouldn't be putting that
out there they wouldn't be taking the
political risk of of being being
distorted with that estimate twice in a
row and having to correct twice in a row
so it's one thing to sort of say oh gosh
you know our bad we we had that a little
a little bit off and it's actually this
is gonna require a little more sacrifice
than we thought it's it's bordering on a
political disaster to have to do that
again and and to repeat that process and
lose the trust with the polity that they
I don't think the administration is
willing to take that kind of risk and I
don't think any incumbent would be so
all of that filters through my political
so I put my political science hat on and
that tells me that they they're
narrowing and on some numbers that are
telling them that that we are we're
peaking in the curve or about to peak in
the curve and that that curve is
petering out by the end of May or June
which is which is pretty much this model
that you you've been talking about on
couple of shows and elsewhere just
looking at this as far as we we have any
reliable data which is always a big
question mark but I know you even have
some thoughts on that but does does that
make sense is there you do you share my
political science hat totally I think
that's uh that's very interesting that
the notion that that the Trump wouldn't
want to be wrong twice yeah expensive
yeah that that makes sense to me when I
actually think about that so Trump being
Trump he's got a oh I don't know he's
got a a barstool
let's just talk kind of way about him
yeah not not easy to get that guy
depressed I don't know that I've ever
seen him look sad and so he probably can
I mean under tragedy but the point is is
that that that's a that's an extremely
inherently optimistic personality yeah
so the April twelfth thing you know had
a nice ring to it Easter in churches and
American us out the rebirth yes yes it's
a very it's a night it's a lovely
political image and when can see why
they were drawn to it and wanted to
deploy it that if it's not plausible
it's not plausible right yeah I think
you're right that if you you make two
mistakes of that magnitude then you're
effectively untrustworthy so yeah very
interesting well that that is consistent
with something with the sort of general
members because I have not I'm a rookie
in in epidemiology I've never faced an
epidemiological problem before and all
the stuff that I'm used to is scientific
experiments and correlation and
regression and just you know basic stats
but not epidemiology which has its own
strange it has its own strange set of
data right so when I originally have
talked about this I was very concerned
about the big thing that one would worry
about would be the death rate or the
fatality ratio
the and so when I was looking at
everybody's numbers and actually even
people that are pretty close to and some
pretty smart people looking at fatality
ratios we were all very concerned and so
when I was looking at what looked good a
week or two ago in Germany looking at
you know somewhere around 0.3 than 0.5
that seemed reassuring to me but in the
context of all the horrendous other
fatality ratios that we see it was
daunting and so I didn't I didn't come
to the party until about a week ago that
this is all just terrible math and none
of this makes any sense at all to even
pay any attention to right oh I I'm now
this is a Mia culpa of somebody who's
very comfortable with numbers that
actually didn't quite understand how to
look at the numbers properly I'm going
to show this so that people can see it
and this is what I call I'm going to
start this with what I call catastrophe
math and catastrophe math is apparently
what was a major I think a guy named
Neil Ferguson a major model or over in
the UK had a big impact on Parliament
and basically told Parliament listen
we've got we could lose 500,000 people
in our country and 2 million Americans
this is what that is is that translates
to more or less a 1% death rate mm-hmm
in other words if you had 200 million
people in America affected the way you
can do this math in your own head is
since a thousand thousand is a million
two hundred million infections at a one
in a thousand ratio would be 200,000
deaths but of 1 percent ratio obviously
it would be 2 million big difference
yeah so that's uh so what I did was I
looked at what so many people have been
looking at you know and I want to share
this with people about where we are
today
and today is Monday evening on the 30th
of March this is prerecorded for a
couple days the this is the u.s. you'll
see were it we're at 3,000 deaths over
165
in Italy 11,000 over a hundred thousand
Germany 645 over 66,000 and worldwide
were at 38,000 dos over seven hundred
eighty-five thousand cases over all five
percent the u.s. running under two
percent Germany running right around a
little bit under one percent Italy at
eleven percent the those are to any
honest person looking at that you would
be terrified and so this is what has
riveted you know if you can't do math
then you're just listening to the news
and crossing your fingers but our people
are smarter and so I've got many calls
from beach or jeans folks saying what's
up and I've been trying to get my head
around this and the truth of the matter
is these numbers folks are totally
meaningless meaningless
that's our utter really mean word yeah
meaning okay they are they are not worth
looking at you don't take out the
calculator you don't look at world
ohmmeters case counts and then do the
math for yourself because they are
utterly they mean nothing okay so let me
explain what what the only legitimate
mouth is the legitimate math is the
total death rate divided not by the
cases that they have seen and that they
can identify but all cases of the virus
that have occurred in the population and
have closed including a symptomatic
cases being asymptomatic cases so in
other words this is this is the proper
way to do the math the proper way to do
the math is that you have 3,000 deaths
in the United States today divided by
165 thousand known cases plus all of the
other closed cases that have taken place
that you haven't seen so the question is
obviously how many cases have we not
seen and in order to do that we have to
say well how many have we seen and the
number that we've seen is as of today we
have tested
million people and that's how we got the
165 thousand people that identified is
that we've tested now a million well if
you tested a million people in a country
of 350 million people you've tested one
third of 1% of the individuals in the
country so an honest statistician would
say well we have to multiply 165
thousand by 350 mm-hmm that's the only
rigidity do this mm-hmm or to to do that
if we were to do that man out that comes
up with I can't I can't he I didn't know
what that is
50 million a much bigger number yeah now
so obviously the people that we tested
the test is 16 and a half percent out of
100 the tested positive those are not a
representative sample right so clearly
we we might want to look at another
country and see what their rates of
positive testing are that have better
testing than we have in other words
they've covered far more of the
population that country would be Germany
and the reason why Germany would be a
very good facsimile for the United
States is because Germany has had about
1/4 of the fatalities that we've had
almost exactly I've had about 650
fatalities we've had about 3,000 so
we're basically a perfect ratio relative
to the two populations of the countries
so Germany has about 80 million people
we have 350 or so we're right in there 4
to 1 so it looks like these two
populations are in lockstep as of this
time and so Germany's testing because
they're the Germans have been so
sophisticated and and fast about getting
their testing off the ground shockingly
Sermons efficient does it make sense
Germans I actually talked to a client in
Germany who's over there overseas with a
in the service
and she said oh it's very organized here
Doug yeah sir yeah
so the Germany has has had about a
million tests as well and they have
identified about 65,000 people I think
so they're running at about six and a
half percent more or less hmm now we
realize that the US isn't at 16 percent
positives so we don't have to worry
about the fact that we have 50 million
people infected right now we realize
that it's much closer that six and a
half percent in Germany would be the
upper boundary because obviously the
Germans are testing more people that are
sick more people are going to their
drive-by thing and getting tested if
they're a little sick than if they're
well but they're grabbing so many people
that it wouldn't be a surprise at all if
that rate was three to five probably is
the reason why I say that is I'm not
pulling that out of the air in Italy in
the small town in Italy though that was
where they they quickly recognized that
they had cases they this is in late
February but they tested everybody in
the town 3,000 people and they came back
with a 2.7 positive rate
now this virus doubles about every three
days where does in the early in the
early stages of the epidemic so that
would mean by early March Italy was at
six percent and by mid-march Italy was
at ten percent 12 so it means the
Germany is probably not too far behind
is somewhat behind probably a week
behind and so the Germany is is unlikely
to not have not be a three or four or
five percent now with three or four or
five percent we are probably a three or
four or five percent which means that
America is probably sitting today on
call it four percent a case for Bastogne
population which would take us to about
15 million right now those numbers are
important to know so for various reasons
but one of the reasons is is that
if the if the death rate from this virus
is 1% then the existing cases that we
that are already out there ie 15 million
we would be looking at 1% which would be
150,000 deaths those hundred fifty
thousand deaths doesn't even remotely
resemble the three thousand that we see
today right so we know that of these
millions of cases that are in the United
States that some significant percentage
of them have walked their way through
the first couple to three weeks where
they've been
which would be lethal and so as a result
it seems inconceivable that that we are
looking at something like 1% what does
it look like well frankly it looks a lot
more like 0.1 so it looks like if we are
facing out of the first 15 million that
we probably have right now in our
country that we would be facing 15
thousand deaths
given the fact that we have about three
right now that would make sense that we
would go up by a factor of five here in
the next two or three weeks and that
would be essentially closing out those
15 million cases that now exist now
those 15 million cases are are spawning
another 15 million cases so but at some
point it slows down it slows down
because the virus starts running into
itself we're also doing a lot of the
social distancing that we're doing in
other words I wouldn't expect the next
15 million to happen in the next three
days not at all so I think this is now
starting we should see a lowering of the
pace but we still believe this is this
is interesting that that you're talking
about the administration and and some of
the things that they've been talking
about what a fiasco that we're not
having intelligent discussions about the
death rate yeah I'm just astounded at
this know where are you having
intelligent conversations about the
death rate you're having poorly informed
conversations to begin with because
people are looking at the wrong the
wrong ratio on your first chart you're a
very fancy chart that you presented
so that that is that's their starting
with that data and then they are
inferring wild notions about why their
death rates vary across different
countries and so this is like the worst
of my subfield in political science is
called comparative politics and and
people will hitch these theories to
these observations that are their two
rooted and bad data like this one is and
then they make up stories about why they
see the variation that they see so oh
well your death rate is 16% and ours is
five because we've in gate we have
better quality care or we've engaged in
different kinds of social distancing
practices or we've done this or we've
done that and these make for very
compelling headlines for a country ie
the u.s. that is living in the state of
great agitation in fear and uncertainty
and once understandably to do the right
things to mitigate its risk and for the
fewest people to die and so all it can
do is look around comparatively and
who's who's the most successful what
have they done how can we mimic that and
and also ensure a better outcome for
ourselves but it's all based on bad data
it's like trying to win an election
based on early reporting precinct data
that comes in where it's like 1% of
precincts reporting and and trying to
infer who won the election from that and
saying oh well they're gonna win the
election so we should do what they did
last time this is like you can't make
those sorts of inferences based on that
sort of poor information but that's what
people are doing all over the globe
right now and it's insane it's truly
it's it's yes watch it's very disturbing
to people understandably right well
that's why we called this podcast March
Madness March Madness this is the this
is the ultimate March Madness I mean
usually I'm looking at you know betting
pools and percentages it's got a six
foot nine inch guy that can score yeah
Final Four but the truth of the matter
is is that you know these are the
numbers were running this March and I as
a rookie in this math I've been quite
frustrated at the of the lack of acute
discussion about what's really important
is there's really two things which is
what's your death rate and how many
cases are you likely to wind up with
and so the I I read something today Jen
from some smart fancy Brit who said well
there could be 1.6 million cases in the
UK yeah
what dope are you smoking yeah you've
got I don't know how many how big the UK
is 60 70 million people yes there's
there's no doubt they've got you know
four or five percent there's of course
they've got 1.6 million it's not a it's
not a hypothesis it's a it's almost a
near certainty that you're many times
besa the same screaming headlines about
the u.s. yesterday where Oh Trump
acknowledges we may have millions of
cases and are looking at a hundred to
two hundred thousand deaths like
terrifying numbers very very scary
numbers very tapping into huge social
fears but it's it's those are actually
very statistically grounded numbers and
they are not they're not infinitely
increasing in this out-of-control
chaotic way that we can't we can't
predict or that we don't have an
understanding of why it's going that
direction or when it's going to peak and
so people need to develop a different
sort of relationship to these big scary
numbers because millions of cases most
of those are asymptomatic and and the
vast majority of them are not requiring
any hospitalization let alone a fatality
rate and so it's it's really that
there's there's missing perspective on
all of this yeah I I certainly as you
and I both do we we respect the the the
catastrophic theory and yeah when you
don't know what's happening when you you
you have to we've had horrendous
diseases they've gotten loose and most
of them are have been probably quite
stuff limiting because they're so deadly
this thing this thing doesn't look like
it's going to be limited because it's
it's gonna it's going all over the globe
it's gone incredibly quickly partially
because it's not killing off the hosts
right though as a result it's you know
the the catastrophic view
has been a loud shout saying don't call
the flow okay job minimize this and you
know what I understand their frustration
that we don't want to blow it off like
it's nothing this is a major tragedy
however it probably is about like the
flow may be twice as bad but but twice
is that the flu is still just twice as
bad the flu which doesn't warrant a
single headline in any given year as it
kills 50,000 people it's it's astounding
the lack of perspective if you had
screaming ticker tapes and counters
going on the evening news cycle with the
flu every flu season you would you would
see a similar level of social hysteria
but you don't see it because it's very
normalized even though the numbers the
number of cases like one thing we don't
know what the case fatality would rate
with the flu in any given year is how
many people would test positive for it
if you if you were systematically
randomly testing the population for the
flu which we don't we only we're only
dealing with symptomatic people so we
know the case fatality rate for
symptomatic people but we don't we don't
actually know how many people have the
flu at any given time and are not
presenting with it and are just
developing immunity and contributing to
the herd immunity of it and and shaping
the curve of that contagion every year
but again it's not it's not the source
of endless endless news cycle and social
media drum beats it's just nice yeah
let's keep let's take the camera back
for a second everybody and realize that
right now I think as of tonight there's
maybe 40,000 deaths worldwide that the
flu every year kills about 650,000
people worldwide so right now in the
United States you have 3,000 deaths
usually in the United States every year
we have about 50,000 deaths on the float
yes though is this gonna get worse is
this gonna rival the flu yes and it's
nastier it's nastier than the flu if you
do get it and certainly if you get it
and you're in a vulnerable group and you
do need to be hospitalized it is a
gnarlier disease then a typical bout
with the flu is so we don't want to
understate that either no no I mean I've
talked there's doctors that have seen it
and they'll say when you're looking at
one of the bad cases which understand
what we're looking at we're looking at
you know the bad cases are 1 in 500 1 in
300 1 in 1 and 150 in other words but
they're looking at you know if you're in
an ICU and you're looking at these cases
they say they're awful cases to look at
and and of course this is this is we've
now you know gotten too close to the
animals again and some nasty animal has
now I mean some animal and it's virus
has jumped to human and now we've you
know this is part of the price of human
world domination of the earth and the
fact that we've got billions of us and
we also raised phenomenal amounts of
animals when we eat them and you know
this is it's actually remarkable to me
that that we're generally as safe as we
are yeah really
now we're facing a situation where it's
it's probably down here in the ranges of
one in a thousand that would mean that's
interesting that the administration was
talking today in some very interesting
numbers that that's what perked my years
of Jen and I one not past you which is
then so dr. Burks was talking about how
you know it could have been two million
but now if we do everything right it
looks like it may be two hundred
thousand right know that this is
pricking my ears yeah so I'm hearing
that of course the catastrophic position
even a week ago was legitimately not
knowing the numbers was saying this
could be one percent and if it is one
percent and you have two hundred million
infections in the United States then it
would be two million and you're looking
at from my perspective of any adjective
this is an utter catastrophe you know to
two million Cheerilee yeah did people
some numbers so that they can put this
in a little bit of perspective in the
United States we have about 2.8 million
deaths a year that's about what it is
and as people get to 80 years old and
they die that they're about you know 1%
of the population we have 350 million
people
they they're not quite 1 percent of the
population in other words because
there's more young people than there are
elderly people so in the long long short
of it is 2.8 million people die every
year that means you've got about 230 240
thousand people die a month this month
another 3,000 died of this disease so
right now if you didn't know that there
was a worldwide epidemic this would be
utterly unnoticeable it's such an
important point it wouldn't it wouldn't
be a blip in the data you would not it
would not register a single eyelash
flutter it would it would just be lost
in the noise of the confidence interval
around the expected death rate CDC
wouldn't even have its eye open no
totally so that's actually where you are
and you would if we didn't have
international communication if I was was
in our own silo being you would
literally we have doctors starting to
report
hey the strange thing pretty bad flu
season you know it's like particularly
rough flu season and it seems to have a
this is this strain is kind of can be
nasty in some cases but it would not be
that would be it that way it would be
like a rarefied conversation among
epidemiology nerds and it would not it
would not make a single headline or a
single Facebook post no one would be
aware there would be there'd be no
change in everyone's daily life
whatsoever and it was to say that hasn't
happened before that that may have
absolutely happened before where we're
looking at a situation like this but we
just didn't know it yes situation like
this what that was ultimately probably
milder than this is going to be right
this now we now know I think we got
enough deaths around that I think we can
I think we can see that we are probably
looking in something like effectively a
novel flu mm-hmm a novel flu that's
visiting populations that has no
immunity it's gonna race its way through
the flu stops at 50 million people a
year because there's all kinds of
immunity around this may not this this
could speed right up to 2
million Americans maybe more but
probably not and that's what Burks is
signaling uh-huh I think she is she is
tapping to us in Morse code that that
they can sniff out that it's a tenth of
a percent yeah
therefore the upper probably upper
boundary limit is two hundred thousand
cases but those cases are gonna come
probably in the next four months yeah
so now you're gonna see an additional
fifty thousand deaths a month on top of
the 235 that you usually get that's a
big change three new months here we are
in for incredibly rough weather that's
assuming there's zero seasonal break and
there could be a significant seasonal
break because we go into springtime and
summer and we may not find two hundred
million cases yeah and and yet so it's
it's very possible that that we wind up
with seventy five million cases or 100
million cases etc and so it may wind and
it may wind up that it's not point one
it's point it point oh eight weren't
horse okay right now I I guess what I
would want to summarize to people is
that there's actually no evidence at
present to suggest that the fatality
rate on this is worse than the flu
it may be certainly could be it could be
not quite as bad yet it's unlikely to be
catastrophic ly worse based on the
evidence that I see right now and I also
am heartened by the administration
signaling one of the things that I of
course a frustrated chen is that why
isn't anybody out here giving me the
numbers right like yeah yeah well they
don't they don't deal in numbers okay
yeah yeah the the thing is folks is that
it doesn't take a genius to realize that
all this all that with all that it takes
to get a fatality ratio you don't have
to look at how many deaths and how many
infections and estimate the infection
rate of the population all you have to
do is follow one cohort just just go
Endemol II find a cohort that's big
enough and and follow them through time
and see what happens to them it doesn't
it has nothing to do with whether
they've tested positive or not that's
the point it shouldn't have anything to
do with that you just go into the
population you test it you you grab a
bunch of people and you follow them
through time and and watch what happens
and then you know everything that you
need to know about the the pattern of
the disease or anything else about that
group yes they the problem with with
this is on understanding is that the
early in one of these epidemics you the
rates are so low the net is gonna catch
no fish right ah yeah sure goes so fast
and so they kind of tried to do this in
Iceland just so that people understand
how why I'm confident about the fact
that we probably got somewhere between 2
& 5 percent of our people infected ie
we're somewhere between 5 and 15 or 25
million cases so it's it's not 200
thousand cases folks and it's not even a
million cases it's not even close
right he knew an Iceland that has a
beautifully sequestered population that
they're extremely careful and keeping
people out of there that they did one of
the only random tests in a population
and they came back at over 1 percent
even on that island so there's no way
that America and that was days ago that
was that test was done and remember it
doubles every three days right though
the America raced through 1% 2% 4% you
know undoubtedly
we're up here in 15 million cases the
the most sophisticated testing place in
the world is Germany
yeah because we can tell the Germans
have tested a huge amount of people that
are pretty healthy that's why they only
have a 6 or 6 percent positive take rate
you know a crate of 16 percent we're
testing the sick people so our tests are
not representative therefore if we did a
if we did a cohort analysis and watch
10,000 Americans that have been positive
over the next 3-4 weeks they would give
us a bad data
they're too inherently sick see we were
to go back three weeks Gramp take German
case number 10,000 I wouldn't take the
first 10,000 because those were the sick
people the sickest people that they
tested right away sure even as they got
their act together and the Germans were
testing even early in march 125,000
people a week that's five six seven
percent it's it's child's Flemming at
that point identify ten thousand and
then three weeks later we have a really
good count about how many of those
10,000 people died yeah listen folks
this is I know that there are people
arguing and frustrated and you know I've
had you know very negative email come to
me like how dare you downplay this me
too yeah and this is that know what
we're trying to do here is just deal
with the facts and really estimate the
parameters and understand what we're
really dealing with and this would this
is child's play now to look at those
10,000 cases and today we know how many
of those people have died and you might
say well is it a thousand and the answer
is it can't be because all of Germany
only has 645 death so so tonight so of
those 10,000 people remember we've got
three million Germans infected so of
those tiny little 10,000 people how many
of those people are in the 645 I don't
know but let's look at a few numbers to
give us a notion of how to test two
opposing hypothesis one is one percent
and one is 1/10 if it's one percent and
they followed this 10,000 people we're
gonna look at a hundred deaths give or
take whatever it is if if it's about a
tenth of a percent like I'm hoping and I
expect then we're gonna have about ten
of those people it's not gonna be close
you can't turns out it's 50 then it's
right in the middle and it's a lot worse
than I think but it's it's not the
catastrophe of a 1% but it's a big
catastrophe trust me half a percent is
really really bad that's bad that's a
lot think so
Nancy back that's you've got an awful
lot of people in Germany that must have
this disease
and many people had to have had this
disease three weeks ago or four weeks
ago so that 6:45
times a thousand with the six hundred
forty five thousand that's how many
cases we needed to have seen three or
four weeks ago in order to account for
the six hundred forty five people dead
today on a one in a thousand basis do I
think it was six hundred forty five
thousand people in Germany ill three
weeks ago
well since three percent of Italy was
ill at the beginning of March if that's
true then certainly one percent of
Germany was ill by March seventh yeah
that was true on March seventh in
Germany that would have been eight
hundred thousand cases in Germany which
would give rise to 800 cases dead today
which is the six forty-five that we see
today
yes I think that the numbers are
triangulating on 0.1 yeah let's hope
that and what I was get back to Jen is I
think they know I think they absolutely
know I think that that is between the
lines in the way that they're
communicating about it I think they
would be much more they would you'd see
a whole different flavor of rhetoric if
they didn't know or if they thought this
was going to be a lot worse I ie above
1% or 5% or 10% or any of the numbers
that people throw around today they even
even this administration would be cool
in its Jets and and be very very careful
about the rhetoric it would not be
talking about open for business in June
and so so and it would not be talking
about how we're peaking in two weeks
which it looks like we are it's like
according to this model that's also what
you and I would would be anticipating
and that's what they're echoing so
they're there talking to pointy-headed
epidemiologists who are doing the math
just like we're doing it yes looking at
the cases just like just like we are and
coming to very similar conclusions and I
want to also to add that you know we're
you and I are both getting kind of
critical and occasionally nasty emails
about this is really interesting like
it's the it's the one topic that I've
gotten that kind of pushback on you know
I'll do I'll do q and A's and get really
nasty comments I'll get you
about how irresponsible it is and we're
doing this you know not not for
entertainment or for fun or for you know
for its own sake but because from a
psychological point of view it's so
important to understand what's really
going on so you're not getting caught up
in in an overly hysterical view of
reality that is distorted so we talk
endlessly on the podcast about
distortion and how it affects your life
experience and how you have to control
your environment this is your
environment information that you're
letting into your world to affect your
cost-benefit analysis of how to how to
move forward and make choices for
yourself that is the kind of environment
that we're always talking about and the
only thing over which you have any
meaningful control and so if you're
being exposed to bad information that is
that is giving you bad or incorrect
conclusions about what you're facing
you're going to make incorrect
inferences and an incorrect cost-benefit
analyses for how to use your time and
energy and you're particularly if you
have a personality that is wired to be a
little more anxious a little more
unstable a little more a little more
concerned or you're being directly
impacted because you're your livelihood
has been affected more directly or your
living circumstances have been like this
is this is unnecessarily turbulent for
people if they don't understand what's
really going on so we're doing this
we're going through this over and over
again and really trying to make it very
clear because we want to understand for
ourselves because we're going through
the same process everybody else is weird
sitting here in our little respective
social isolation pods and run in math
and trying to understand so we can make
good choices and understand but also
because we're talking to clients
constantly who are who are suffering
needlessly because they don't have good
information so we just want good
information to be summarized and
available for people so they can they
can understand and move forward
meaningfully absolutely I think one of
the things you and I talked about must
air so was that this is a you know
obviously this is a horrendous process
and however I think at the end of it
we're gonna find we're gonna find lives
lost and and you know certainly a
tragedy but it's not going to be even
close to what we were fearing right
and as a result we talked about how this
is a great dry run yes it's a rehearsal
for a true a true disaster true 5% 10%
1% massive contagion Ebola type
situation which you know is always sort
of at the at the gates like that's
always possible it's certainly been a
recurring theme in Hollywood yes yeah
but yeah even 1% even 1% of something
like this is sufficiently truly
catastrophic to to derail institutions
and and really destroy the healthcare
system as we know it in the way in the
ways that you see these headlines and
and a lot of the the rhetoric that is
leaning in this direction but we don't
think that this is that disease for all
of the reasons that we're talking about
here but we are learning such important
things from it and you said you said
last week the the great John Wooden
quote you know if when you lose don't
lose the lesson and so this is I mean
there's so many lessons here about how
we've we've been in the an informational
vacuum for too long and looking looking
in the wrong places for how to
understand what we're dealing with and
and now it's like okay now we now we
understand how to get a real proper case
fatality ratio and and and look at the
the presence of this an entire
population and not to make these
mistakes again
sure yeah next time I want these people
the geniuses that are supposed to know
to grab a cohort very quickly yeah that
number in your calculator as fast as you
can so you can inform actually all the
world so that the world doesn't miss
manage its resources in a crisis okay
all we can do in a crisis is to to
manage the resources base because
intelligently as possible and that that
requires the most precise data that we
can get our hands on and this the great
uncertainty of what this is I I I call
it you know it's a it's an order of
magnitude or more but it's it's an order
of magnitude question yeah why
you know if you
No and some investment if you're gonna
lose you know five percent of your
fortune or 50 percent of your fortune
that's very scary oh sure it's like huge
that's too big of a difference yeah huge
difference that's why I'm sniffing from
what you're from what you're saying and
what I heard I'm sniffing that they know
yeah I think that I'm heartened by this
and we're in for an extremely messy and
heart-wrenching couple of months but I
think that's I think that's what it
looks like yeah yeah yeah well the I
think I think that's pretty much what I
have to say any any final thoughts I
know I think that I covered most of them
in my last rant that just I think you
know there was that there was that
headline today about the the German
financial minister who committed suicide
because of because of his sort of
concern about this looking at this and
inferring again a bad cost-benefit
analysis from bad information and
thinking that he was up against a an
intractable disaster that he could not
do anything about and and running a CV
through through a filtered personality
that led him to decide to commit suicide
and so this is this is the kind of thing
that we're having this conversation
because we want to avoid that outcome we
want people to understand what they're
really dealing with and to D distort the
information environment so they can make
the best possible choices and the best
possible inferences it's just there's
nothing more important than that in any
area of life that's the whole it's what
we're up to all the time that is
literally what we're doing we are D
distorting that is the whole purpose of
evolutionary psychology therapy and so
this this is when you're dealing with
something that is this disruptive and
this is contributing to so much
uncertainty it's never more important to
D distort and to get clear on the
information and to you know we're not
we're not trying to be unreasonably
optimistic for the sake of just being
optimistic or for staking out some kind
of claim and a grand debate we're really
trying to get get the truth the capital
T truth on this situation so people can
can just live their best lives
Paul I would add to that that well we
may talk about this more if questions
warrant or if people have other specific
questions that we didn't cover or if
they want to they want to hear more
maths claiming from the great dr. Lyle
and I can always come back to it and
cover a couple more next week
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