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The Economics of Covid Management (Glenn Loury & Laurence Kotlikoff)

The Glenn Show

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The Right Objective Function at the FDA

The way the virus works is you have very low load when you're when you catch the virus, and then it grows exponentially. So that even 40% of 60% false negative rate could go down to 10% for five percent with very high loads. That's what we're trying to accomplish. And your example of even a test with a high false negative rate ought to be approved because the net effect of using it would be to significantly mitigate the disease.

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