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The school closures were useless because by then it was far too late, and even then it was already established the virus was not nearly as deadly as feared especially among young people. For the vast majority of people, Covid was like a bad cold.
if the Hantavirus can be confined to the ship, then a stronger case can be made for quarainte, with appropriate monetary compensation.
Out of money put options on index funds can also accomplish this. The problem is these tend to be cash incinerators 95-99% of the time. If you throw 1% of your net worth on these , you can make a nice profit if this is a repeat of Covid...a few people did this in early 2020. This is unlikely though, from Google "Hantavirus is generally not highly contagious between people and does not spread like common respiratory viruses such as COVID-19 or flu."
Yes put prices would be a good indicator. And a big reason why you know polymarket market isn’t legitimate or sized. It’s not that 13% isn’t a great return - you could actually easily arb it with index puts. Bet no at 13% and buy a certain amount of index puts with the 13%. Cross collateralize them.
If a pandemic occurs again
Or something like sell a long-dated delta positive at-the-money straddle on SPY. This will collect a lot of premium, and then buy the 3 months far-OTM SPY puts, which will be offset by the premium collected on the straddle. If the market tanks, the puts will surge and easily offset the loss on the straddle. The problem is when the puts don't "explode" despite the market falling, due to the greeks not behaving. You would need something like a -5-7% day to get the explosion effect.
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More generally, is Polymarket still a reliable indicator of anything at this point? Between direct observations/experiences and a number of high-profile stories about insiders manipulating data sources like ISW, I get the sense that you have to put a nontrivial probability that any market outcome will be determined by shenanigans (of the "the person controlling the obscure WHO website deep link that will be used for resolving is betting too, and nobody will punish him for changing it for 10 minutes" type, or the "a small group of power users knows that on Polymarket 'pandemic' is taken to mean any disease discussed by Andrew Fauci on TV while wearing a pink tie" type) rather than anything resembling a plain interpretation of its subject.
Accordingly, 13% on pandemic could easily be dominated by a signal like "small group of users in the know sees that an account representing resolution manipulators is betting yes, and betting according to their expectation that the market will be successfully manipulated to yes".
Now it fell to 9%. I think it would be easy to manipulate the market due to thin liquidity.
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