The Political Economy of Mass Panic
The optimal level of risk is never zero. Otherwise, nobody would ever get up in the morning. But even staying in bed is risky (people die in their sleep). When you drive from home to work your risk of dying is nonzero. When you fly from New York to Los Angeles your risk of dying is nonzero. When you cross a traffic-heavy street your risk of dying is nonzero. When you ride a bike your risk of dying is nonzero.
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