Behavioural Finance 

Underestimating compounding

Chris Dillow

Chris Dillow

One common criticism of the government is that it delayed the lockdown for too long because it failed to appreciate just how quickly the coronavirus would spread – a daily R0 of two means that one case becomes more than 16,000 within a fortnight. One scientific adviser says the Sage group “were not sure the politicians understood its exponential spread”.

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