Contagion changes risk scaling

Paper in Nature Physics on "the dog wags the tails", how pandemics are fat tailed and the implications.https://www.nature.com/articles/s4156...We also discuss the dangers of verbalistic users of statistical buzzwords without understanding probability s.a. BS vendor Philip Tetlock. They produce one point estimates for distributions with unstable, unknown or infinite moments, which is pseudoscience.We propose basic probability training. “Learn probability for years before learning statistics, or you will hurt yourself”.Original video: https://www.youtube.com/watch?v=ggrW6qi0qZQ