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Opinion | Take action to flatten the uncertainty curve
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Covid has cast us into the dark on many fronts, causing anxiety, stalling decisions and worsening the economy. But not everything need be as uncertain as it seems right now The conquest of uncertainty, one might argue, was the dawn of civilization.
Its first big enabler was agriculture, the advent of which meant we did not have to worry about where our next meal would come from.
Covid-19, however, has flung us back into the dark in several ways. This is not just about food anxiety among the poor, an acute lack of certainty afflicts us all today, even decision makers.
If it were just a matter of risk, it would not be so bad. But, unlike risk, which can be estimated in terms of probability—and thus hedged, priced, etc.—uncertainty casts us
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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