Manila, Nov. 30 -- Promising news on the development of effective vaccines recently sent stock markets soaring, as if the war on coronavirus were all but won, but more sober observers could clearly see a number of hardships ahead.
Despite three vaccines boasting effectiveness of as high as 95 percent, along with optimism over Joe Biden's upcoming presidency, the virus figures continued their grim march upward, with the number of confirmed cases worldwide hitting 61 million and deaths standing at more than 1.43 million.
"Optimistic bias can be both a blessing and a risk, you should be both happy and wary if you are temperamentally optimistic," cautioned Nobel Prize-winning economist Daniel Kahneman in his bestseller Thinking Fast and Slow....