OVERTREATMENT as short volatility: Huge vindication of the argument of Chapters 21 and 22 on the convexity of iatrogenics (only treat the VERY ill): Mortality is convex to blood pressure. Spyros Makridakis found this graph from the Farmingham study. The implication is obvious: only treat the seriously ill (and overtreat them!). But for every person […]
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