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by tharne
2303 days ago
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It has to do with catastrophic risk and the fact that pandemics follow a power law distribution instead of a normal one. The deaths from things like smoking or auto accidents are normally distributed with very very small deviations around a known mean. Smoking may kill 480,000 Americans per year, but there's never a year where it will kill 10X 100X or 1000X that number. Pandemics tend to follow a power-law distribution, like earthquakes, where you have small outbreaks here and there and then one comes along at 100X or 1000X the magnitude of anything ever seen before. Even people who don't have a statistical understanding of power law vs. normal distribution usually have a good intuition of it, which is why most people worry about terrorism more than one would if they were just looking at just the total number of deaths vs. something car accidents or smoking. What makes the coronavirus so terrifying is power-law component and the unknown unknowns. We still don't have a good handle on basic things like how exactly how contagious it is, how deadly it is, and how long it will take to run its course. Sure, it could end up being equivalent to a "bad flu", but it could also become a repeat of the 1918 Flu or worse. |
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I think this is a poor example, by any measure terrorism is an irrational concern for Americans, it's nothing like a pandemic that could actually affect the whole country.