And if the risk was 10%, shouldnât that have been the headline. âTEN PERCENT CHANCE THAT THERE IS ABOUT TO BE A PANDEMIC THAT DEVASTATES THE GLOBAL ECONOMY, KILLS HUNDREDS OF THOUSANDS OF PEOPLE, AND PREVENTS YOU FROM LEAVING YOUR HOUSE FOR MONTHSâ? Isnât that a better headline than Coronavirus panic sells as alarmist information spreads on social media? But thatâs the headline you could have written if your odds were ten percent!
Yes, as Scott Alexander put it in the context of Covid, a failure, but not of prediction.