https://www.realclearpolitics.com/articles/2020/05/15/the_costly_failure_to_update_sky-is-falling_predictions_143215.html
On March 6, Liz Specht, Ph.D., posted a thread on Twitter that immediately went viral. As of this writing, it has received over 100,000 likes and almost 41,000 retweets, and was republished at Stat News. It purported to “talk math” and reflected the views of “highly esteemed epidemiologists.” It insisted it was “not a hypothetical, fear-mongering, worst-case scenario,” and that, while the predictions it contained might be wrong, they would not be “orders of magnitude wrong.” It was also catastrophically incorrect.
The crux of Dr. Specht’s 35-tweet thread was that the rapid doubling of COVID-19 cases would lead to about 1 million cases by May 5, 4 million by May 11, and so forth. Under this scenario, with a 10% hospitalization rate, we would expect approximately 400,000 hospitalizations by mid-May, which would more than overwhelm the estimated 330,000 available hospital beds in the country. This would combine with a lack of protective equipment for health care workers and lead to them “dropping from the workforce for weeks at a time,” to shortages of saline drips and so forth. Half the world would be infected by the summer, and we were implicitly advised to buy dry goods and to prepare not to leave the house.
Interestingly, this thread was wrong not because we managed to bend the curve and stave off the apocalypse; for starters, Dr. Specht described the cancellation of large events and workplace closures as something that would shift things by only days or weeks.
Instead, this thread was wrong because it dramatically overstated our knowledge of the way the virus worked; it fell prey to the problem, common among experts, of failing to address adequately the uncertainty surrounding its point estimates. It did so in two opposing ways. First, it dramatically understated the rate of spread. If serological tests are to be remotely believed, we likely hit the apocalyptic milestone of 2 million cases quite some time ago. Not in the United States, mind you, but in New York City, where 20% of residents showed positive COVID-19 antibodies on April 23. Fourteen percent of state residents showed antibodies, suggesting 2.5 million cases in the Empire State alone; since antibodies take a while to develop, this was likely the state of affairs in mid-April or earlier.