Ioannidis continues to push this evidence-based approach, but I have not yet seen an adequate response to critics such as Nassim Taleb or Yaneer Bar-Yam. They argue that one doesn't need raw evidence to act if the statistical evidence shows that the risks are catastrophic. They published a paper on January 26th which lays out arguments for why conventional risk management approaches are inadequate in these situations…
Risk management is the correct way to go when uncertainty is high. Containment was the correct approach at the time. When evidence starts coming in, then you can start applying evidence based approaches. > Mortality rate: Mortality and morbidity rates are also downward biased, due to the lag between identified cases, deaths and reporting of those deaths [1] > Among 3,711 Diamond Princess passengers and crew, 712 (19.…
South Korea has 1% fatality rate at the end of their epidemic, they showed .5% in the middle of this. Germany has .2% rate but it has crept up to .4% and I suspect it will continue to creep to 1%, and if they get overwhelmed it could go higher. China has a less than 1% rate outside of Wuhan, since outside that area, the health care system wasn't overwhelmed [1]. The extra deaths in Wuhan could be attributed to the health care system getting overwhelmed rather than under counting - 20 or 10% of those infected require intensive care. You quote 10% of the infected on the Diamond Princess as requiring hospitalization. With an overwhelmed health care system, that might be the death rate.
Which is to say that we have more evidence but that evidence seems to point to a desperate need for containment.
[1] You can compare all the statistics at: https://covid19info.live