As Omicron rattles stock markets, is the panic warranted?

“The brains of humans contain a mechanism designed to give priority to bad news,” says behavioural psychologist Daniel Kahneman. “‘You’ve got to prepare for the worst’: World responds to new variant’s arrival”, read a headline in The Washington Post. The New York Times pointed to “a ‘Frankenstein mix’ of mutations raises concerns”, while noting that “the variant may remain vulnerable to current vaccines”. A Post report had a strapline, citing an infectious disease expert, which said, “further…

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