Saturday, May 09, 2020

In case you wondered …

… What do I mean by Skin in the Game? My Own Version - INCERTO - Medium.

… it is hard to tell if macroeconomists, behavioral economists, psychologists, political “scientists” and commentators, and think-tank policymakers are experts. Bureaucrato-academics tend to be judged by other bureaucrats and academics, not by the selection pressure of reality. This judgment by peers only, not survival, can lead to the pestilence of academic citation rings. The incentive is to be published on the right topic in the right journals, with well sounding arguments, under easily some contrived empiricism, in order to beat the metrics.
Wonder where this guy fits into all this:

It may be that the famous epidemiologist Neil Ferguson, who, until recently, was an important member of SAGE, has felt such pressures in his career. At one point in the pandemic he told a columnist for the New York Times that 1.1 million deaths was the “best case” for the US.  In 2001 he blasted as “unjustifiably optimistic” a study suggesting that mad cow disease deaths “may peak at 100 cases per year in Britain and kill no more than a few thousand people in coming decades.” Rejecting this relatively optimistic view, he said deaths are in the long-term likely to be much higher at something only slightly less than 136,000.  The true number as of June 2014 seems to have been 177.  In 2005, he was alarmed by bird flu (H5N1). “Around 40 million people died in 1918 Spanish flu outbreak,” he told the Guardian. “There are six times more people on the planet now so you could scale it up to around 200 million people probably.” That’s a lot more than the World Health Organisation’s estimate for cumulative worldwide deaths, 2003-2020 of, ahem, 455.

No comments:

Post a Comment