On March 17, my favorite NBA player, Steph Curry shot a 3-pointer and then, as is his wont, backpedalled. The problem: he was backpedalling off the sideline instead of down the court and there was no barrier to stop him. In a normal game, there would have been some normal barrier to stop his going backward, whether the barrier be other chairs that players were sitting on or something else.
But because of Covid cautions, there are large spaces between chairs and so as Steph went backward, he didn’t stop until his tail bone came in hard contact with some metal stairs. Go to this link and page down to the 38-second video if you want to see what happened. But be prepared to watch something painful.
Why do I highlight this in an economics blog? Because it illustrates in microcosm the failure to make reasonable tradeoffs to deal with Covid-19. We know that Covid-19 is not particularly risky for young people and especially for young people without co-morbidities. NBA players are not a random sample; their physical fitness certainly puts them in the top 1 percent and maybe even in the top 0.1 percent of people their age, let alone of all ages. (And maybe in the top 0.01 percent.) The probability that Steph Curry would get badly sick from Covid, even if he didn’t get the shot, is really low. But the NBA did not make the tradeoffs the way I would have. I’m not challenging their right to do so: it’s their arena, pun not intended. I’m challenging the bad thinking behind their decision.
We often hear from the behavioral economists like Richard Thaler and behavioral legal scholars like Cass Sunstein about “availability bias.” The idea is that people pay attention to what’s most prominent, not to what’s most likely. Where oh where are Thaler and Sunstein? Shouldn’t this be their moment to shine by pointing out how absurd some of these policies are?