Re:S&P 500 triggers 15-minute trading halt for the second ti...
by doubleunplussed on Thursday March 12, 2020 @02:46PM
(#22560281)
But how strained the hospitals get has little to do with how panicked people are.
I don't care about what tugs on people's fears the most. I'm not afraid of their fear, I'm afraid of hospitals being overrun by actual cases.
Take any disease that kills 99% of those that get it. You are going to be a lot more scared of it, than one that kills 0.1% of infected targets. It does not matter if the overall death number is the same.
People will act far less logically in the first case than the second.
This is not about "math" it is about emotional responses and how that affects everything. As I said, you are more likely to be trampled to death than die in the fire that caused the panic.