IN  WHICH Ross Rheingans-Yoo—a sometime economist, artist, trader, expat, poet, EA, and programmer—writes on things of int­erest.

# Reading Feed (last update: July 5)

A collection of things that I was glad I read. Views expressed by linked authors are chosen because I think they’re interesting, not because I think they’re correct, unless indicated otherwise.

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Blog: Tyler Cowen @ Bloomberg View | The NBA’s Reopening Is a Warning Sign for the U.S. Economy — "If so many NBA players are pondering non-participation, how keen do you think those workers — none of whom are millionaire professional athletes — are about returning to the office?"

# Age and Covid-19 IFR in India

epistemic status: Invoking Cunningham's Law; not fully confident, but showing my work in the hopes of being told where I'm wrong.

Abstract:

India's demographic average age is younger than that of the US. This implies that the strongly age-varying Covid-19 infection fatality rate (IFR) could cause a lower population-average IFR in India than in an older nation such as the US, all other factors being equal (spoiler: they're not).

I estimate that the age effect creates an India population-average IFR 39% that of the US rate (i.e., a US rate $2.58\times$ greater), assuming age-uniform infection rates and no difference in medical care. This effect is driven by the reduced population share of age>70 in India (just 35% that of the US).

I do not attempt to model age-varying infection rates (which I expect would slightly decrease India fatality rates relative to the US), do not attempt to model selection pressure on patients' immune systems (which I expect would make India fatality rates modestly lower), and

# Which vaccine?

I wrote in January about vaccines and public health, and I wanted to retract my bottom-line recommendation about which vaccine to get -- if you have a choice -- in Hong Kong. Appointments opened to residents 16+ yesterday, so this post is coming a bit late, but oh well. Here we are.

If you're in Hong Kong and have choices, my personal recommandation is that you get an appointment for the BioNTech (Pfizer) vaccine as soon as possible. (If you are in Hong Kong and have a HKID, the link to book a vaccine in English is here -- click the red "Book Vaccination" box at the left.)

In the rest of this post, I'll describe how my thinking has changed on the argument I expressed in my January post.

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When I wrote in January, I was looking at a massive shortfall in vaccine demand in the US and assuming that it couldn't happen here in Hong Kong. In hindsight, I was extremely wrong.

In the first

# The Times on EU Vaccines, 2021-03-01

Zvi Mowshowitz's new policy is not to link to the New York Times, and he's willing to entertain the policy of not linking to NYT reporters' Twitters (though hasn't pulled the trigger yet). I understand where he's coming from -- Cade Metz's piece on Scott Alexander was really, really not good.

Scott Aaronson has a numbered list of 14 theses issues and won't talk with Cade Metz, even to explain quantum complexity, without a full explanation on how the piece on Slate Star Codex happened. Also understandable; the article really was quite bad.

Then there's social pressure going around not to read the Times. I think this is a mistake. It is important to understand what rhetoric the paper chooses to use, for the same reason that it's important to occasionally look at what's happening on the other side of a chessboard. I wouldn't claim it's in the top-5 most important things to read to understand the world (or even the top 10), but I believe it's part of

# Metaculus has some issues

In Zvi's 2/11 Covid update, he turned to Metaculus for help. He looked at the numbers. Becase the man is an inveterate trader, he saw odds that were Wrong On The Internet and just couldn't stop himself from creating an account to bet against it. And then he saw the payout structure and decided he was done after making a single prediction.

I spent some time with the Metaculus site and figured out how they borked this one up enough to drive away Zvi Mowshowitz. I'll try to explain it here.

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Here's a presumably current description of the scoring function that I found on the FAQ, slightly abridged:

Your score $S(T;f)$ at any given time $T$ is the sum of an "absolute" component and a "relative" component: $S(T;f)=a(N)\times L(p;f)+b(N)\times B(p;f),$ where $N$ is the number of predictors on the question.

If we define $f=1$ for a positive resolution of the question and $f=0$ for a negative resolution, then $L(p;f)=\log_2(p/0.5)$ for $f=1$ and $L(p;f)=\log_2((1−p)/0.5)$ for

# For whom it tolls

Another may be sick too, and sick to death, and this affliction may lie in his bowels, as gold in a mine, and be of no use to him;
but this bell that tells me of his affliction, digs out, and applies that gold to me: if by this consideration of another's danger, I take mine own into contemplation, and so secure myself...

I was talking with a friend the other day, and the topic turned to vaccines. It's expected that the Sinovac and Pfizer vaccines will become available roughly simultaneously in Hong Kong, and so the question was, which vaccine we'd would prefer to receive.

Two topics that came up were safety and efficacy...

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On safety, one can ask whether the Sinovac vaccine should be trusted quite as much as the ones developed in the West. (Hey, one can ask just about anything...)

Well, medically speaking, CoronaVac is a relatively conventional killed-virus vaccine, so if anything my prior would be that it's safer than the mRNA vaccines, just

# Donations 2020

Weird year, right? Still, some things don't change -- I remain committed to using at least 10% of what income I earn to make the universe better.

Here's how I'm thinking about doing that at the end of 2020.

Back in February 2019, I was randomly (yes, randomly) selected to direct $500k of funds from a donor lottery, and have spent a fair amount of time since then thinking about how to direct those funds most efficiently. So far, I have recommended grants of$165k to the Good Food Institute in the spring, and just over $200k to a number of Covid-19 interventions in May and June. You can read about those grants here and here. The work that I did to research and decide on those grants was most of the thinking about effective giving that I did this year; it's been written up elsewhere, and so this post will mostly not cover the same ground. (If you're just looking for new ideas from these posts, see READ MORE # 2018-19 Donor Lottery Report, pt. 2 This post is cross-posted to the EA Forum, where I expect comments will be much more visible than they are here. This is the second in a series of reports on my decision-making process and decisions in allocating the$500k funding pool from the January 2019 CEA donor lottery. This writeup on my phase-2 grant recommendations is released simultaneously with my writeup of phase 1, which also provides a broader introduction to my personal background, philosophical foundation, and initial process.

While the decision-making process for phase 1 was largely completed prior to the widespread understanding of the scope of the Covid-19 pandemic, phase-2 grantmaking began in March 2020 and specifically focused on neglected responses to the pandemic. This writeup outlines what I can reconstruct of my process and opinions at the time, and discusses my thoughts on room for further funding.

As with the previous report, this writeup represents independent work and is not coauthored or endorsed by CEA, the organizations or individuals mentioned, or my employer. Grantee organizations