I was a programmer working when Y2K happened, and it was overhyped. I’m ready to accept that you saw a real need for remediation, but it was also overhyped.
I was contracting to a financial institution at the time, and Y2K was overhyped, and the overhype caused a major problem to that business, affecting millions of dollars of cash flow, because of prioritization of Y2K tasks.
My dad was contracting at the time, and the company he was contracting to was willing to pay him money for remediation. He was past retirement age, and didn’t need the money. He pointed out to them that if their system needed remediation, the effect would be that the years printed on the documentation would be wrong, and that a cost effective way of finding out if they needed remediation would be to wait until after Y2K and look at the print outs. They could have made that observation without involving him, but – they were worried by the hype.
It is obvious in retrospect that there were no weapons of mass destruction in Iraq, and that the invasion was not justified. It is also obvious in retrospect that the decision to invade Iraq was based on wishful thinking.
It is obvious in retrospect that not so many ventilators are required as was feared. The question is, was the predicted demand for ventilators based on wishful thinking?
And the answer is – at least a little bit. The worst-case scenario predicted by one influential model was much much worse than materialized – but it was also much much worse than predicted by everybody else.
And you can understand Governors and Managers focusing on the Worst of All Possible Worst Case scenarios, but you also have to remember that epidemiologists are human too, and nobody will get the Nobel prize for making a middle-range prediction.
I’ve got a friend who use to play club bridge. And he pointed out that in competition, you don’t play the optimum odds. Because mostly you will be beaten by somebody who took a large risk – and got lucky. There is no money involved, and the only way you can get competition points is by winning: coming close to the top every time is loosing every time. In bridge, at least nobody is fooling themselves about that.
Unfortunately, epidemiology has something of the same reputation, and you can see why that is so.