The Great Reconciliation?
What is the best way to reconcile the results for these three polls?
How good is the following heuristic?
The resources you spend mitigating a problem should be directly proportional to its overall severity.
— Bryan Caplan (@bryan_caplan) August 18, 2020
Medically speaking, how bad is coronavirus compared to flu?
— Bryan Caplan (@bryan_caplan) August 17, 2020
How much time, inconvenience, and resources should we spend fighting coronavirus compared to flu?
— Bryan Caplan (@bryan_caplan) August 17, 2020
I’m tempted to just say “cognitive dissonance.” The effort heuristic makes great sense, and the medical estimate seems about right. But that in turn implies that past and current coronavirus efforts (public and private) are grossly excessive. Indeed, do we even spend five hours per year fighting flu? If so, why should we spend more than twenty five hours per year fighting coronavirus? But almost no one feels comfortable with that relaxed attitude, hence the dissonance.
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