Bayesian Bias in Economic Statistics
Casey Mulligan discusses the importance of Bayesian analysis in economic statistics, using the analogy of automobile accidents to explain the need for measuring COVID cases. Russ Roberts reflects on the initial paranoia and superstition surrounding the pandemic, and the failure to prioritize protecting the vulnerable. He criticizes the vilification of epidemiologists who advocated for this approach, highlighting the disturbing role played by government institutions.In this clip
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Casey Mulligan on Vaccines, the Pandemic, and the FDA
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