Here’s a great little video by Nassim Nicholas Taleb and Yaneer Bar-Yam discussing the overreaction to the Coronavirus and why its better to panic early. Here’s an excerpt from the discussion:
You and I to conclude…You and I would rather be blamed for overreacting.
That’s right.
Okay, I want to live in a planet… I’d rather be blamed for overreacting okay. That’s because nobody would blame us for underreacting. They won’t be here.
If you do today what’s happening today you’re gonna be behind because next week the people that are infected next week are already infected today.
Exactly. Exactly.
Think about it as being ten times as large and react to that at the very least, if not more.
You can watch the entire discussion here:
https://youtu.be/e2Kga5HeAqk
(Source: YouTube)
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