shminux comments on Fermi Estimates - Less Wrong
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Assuming dx << x, this is approximated by a differential, (-xdx/sigma^2) * exp( -(x/2sigma)^2, or the relative drop of dx/sigma^2. You want it to be 1/2 (lost one person out of two), your x = 4 sigma, so dx=1/8 sigma, which is under a year. Of course, it's rather optimistic to apply the normal distribution to this problem, to begin with.