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If you're looking at the study I saw, the topline number, that initial 2 dose pfizer vaccine efficacy at preventing hospitalization is down to 67%. However, i've read a few interesting threads from statisticians that this data may be a good example of something called Simpson's paradox, where vaccine efficacy appears higher in younger patient and in older patients then if you lump both cohorts together.
The reason for this is that older patients are much more likely to be vaccinated and also more likely to be hospitalized regardless of vaccine status. Younger patients are the opposite, less likely to be vaccinated and less likely to be hospitalized regardless of vaccine status. Thus most hospitalizations will be in vaccinated individuals even if the vaccine is effective. Diving into the data, it appears that right now with delta, vaccine efficacy at preventing hospitalization in people over 50 is 85% and 92% in those under 50.
This data, while much better then the topline number (67% efficacy) still is somewhat concerning given the decline from 98-99% in the initial studies. I know I'll be getting my booster.
Better application of Simpson's paradox: New episodes of The Simpsons keeps being made yet nobody watches
*Couldn't resist this extremely low hanging dad-joke fruit