Matthew said:
I ran across this “peer review”. I’m not this sort of numbers guy, so I don’t know the validity of this critique, and I don’t know anything about the author. But he echoes some of your comments.
https://medium.com/@balajis/peer-re...in-santa-clara-county-california-1f6382258c25
I read that “review”. His primary concern seems to be that given possible values of the false positive rate for the test, it is conceivable that with a higher FPR, a fair number of the observed positives could be false positives.
While that is true, it does not imply that such a result is very probable (he could compute that using his models).
The best estimate based on this data of adjusted prevalence is as given by the authors of the paper. There is some finite probability that the actual prevalence is different than the mean as stated by the given confidence intervals.
He does raise an interesting point regarding the implication that Covid-19 would have to be spreading much more quickly than viruses in prior pandemics for the stated results to be true. I think that is a good observation. And is in accordance with an extrapolation by a Reason editor that a 50-85X ratio would imply that nearly all of New York City is presently infected.
I agree completely with his argument that more serological surveys are badly needed.
Another point of reference is that the 0.15 - 0.2% infection fatality rate is not so far from the 0.3% estimate from the Gangelt study, at least in absolute terms (clearly a 50% difference relatively speaking).
The Stanford study adds to a growing body of evidence that the true infection fatality rate (vs case fatality rate) is on the order of 0.1-0.3%, a far cry from the feared 8% based on initial reports, and perhaps 2-3X more deadly than the seasonal flu.