Yes, I have returned to normal life and am essentially ignoring Covid risk going forward.
I stand by my analysis in the Long Long Covid Post, but even if you disagree with that on the merits - and sure, I can see various reasons people might disagree somewhat - what's the alternative? Covid's not going to go anywhere. You can live your life or you can... never live your life and hide in your apartment forever. Your call, really. If you applied that level of caution generally it's not compatible with life, and at a minimum it was certainly never compatible with living in a city, among the disease and the air pollution.
To more directly address your initial question: to my mind, Zvi's analysis isn't obviously wrong, but it's pretty far to the optimistic end of what I see as the reasonable range.
My best model suggests that for me (55 but very healthy), 1,000 µCoV of risk has an expected life cost of about 15 minutes.
Based on that, my approach to risk is very situational. Is eating in a restaurant worth 75 minutes of lying in bed with flu wishing I was dead (based on today's numbers)? No, it isn't. Is going to a friend's wedding worth that? Yes, it probably is.
Is anyone confident going back to normal life despite claims to the contrary without feeling the need to read and evaluate each new study on Long COVID? Why? What logic / heuristics inform that assessment?
Yes. At this point I am basically not taking any precautions. I have been to a concert in an auditorium of about 2000 people (only half of whom wore masks, despite a notional government requirement at the time). I routinely go to other concerts and to cafes. On the other hand, apart from the events mentioned, my daily life in normal times does not involve much face-to-face with people anyway, and I don't routinely eat in restaurants or frequent pubs. I've never had flu, I rarely get colds, I've had my three Covid vaccinations, and I've not had Covid despite my lackadaisical attitude. I do see people wearing masks, but it's only a minority now, and no-one requires it, except maybe in healthcare settings. (I am in the UK.)
I haven't attempted to put any numbers to it, but I'm reckoning on that basis that it's not going to happen. I see enough Covid news, here and elsewhere, to be aware if some drastic new thing comes along.
I usually go to a sci-fi convention of about 1000 people at Easter every year, but I skipped this year's because they required masks to be worn in convention areas. I don't want to go to a three-day event where I have to put on a mask every time I step out of my hotel room. Of course, this means that when I do go to such an event, it will be because neither the con committee, nor the venue, nor the government think masks are needed, which may well mean that they aren't.
I'd love to see a more structured approach to the kinds of questions you're raising here. LW does a good job of creating a space for smart people to share their thoughts about individual topics, but isn't so good at building toward a coherent synthesis of all those pieces.
The original microCOVID white paper did a good job of summarizing a lot of relevant evidence back in the day, but (like the rest of the site) has been only sporadically updated.
Put me down as tentatively interested in being part of some larger project, if one comes together.
Also: may I humbly request that if this ever takes off, it be named LessSick?
I dug into this a little, and right now I think serious, long-term illness from COVID is pretty unlikely. There are lots of studies on this, but in addition to all the usual reasons why studies are unreliable, it's hard to avoid reporting bias when you're analyzing subjective symptoms. (If you catch COVID, you might be more primed to notice fatigue, asthma, muscle pain, etc., that you already had or would have gotten anyway. Random, unexplainable minor medical problems are ridiculously common.)
Some worry that COVID will permanently disable millions of people, leaving them unable to work. This doesn't seem to be happening, disability claims are down from 2019 and haven't tracked infection rates:
https://www.ssa.gov/oact/STATS/dibStat.html
Disability insurance rates (per $ of coverage) went down in 2021; this makes me think that odds of serious long-term COVID disability must be <1%. Insurers would raise rates if there were a flood of new claims, especially given adverse selection:
https://www.meetbreeze.com/disability-insurance/cost-of-long-term-disability-insurance-report/
I think the press is just lying about how common long COVID is. Eg. this article describes a "flood" of COVID disability claims. But it admits there are only 23,000 claims - that's a tiny fraction! That's ~fewer people than have ever been hit by lightning:
https://www.washingtonpost.com/business/2022/03/08/long-covid-disability-benefits/
This article says "large numbers" of people are filing claims. This isn't true! Filing for COVID-related disability is <1% of all claims, and <0.01% of US adults. Overall claim numbers are down vs. 2019:
https://www.nbcnews.com/investigations/got-long-covid-cost-dearly-rcna17942
"The pandemic’s true health cost: how much of our lives has COVID stolen? Researchers are trying to calculate how many years have been lost to disability and death." https://www.nature.com/articles/d41586-022-01341-7 (published May 18th 2022)
Despite Zvi's "Long Long Covid Post" concluding in February that Long COVID risk among healthy, vaccinated individuals is low enough that it's worth pretty much going back to normal life, I haven't felt comfortable doing so given the array of claims to the contrary.
Some of them have surfaced on LessWrong itself:
Others I have come across from friends or on Twitter.
My skills at carefully evaluating scientific research are fairly limited, and I'd also like to avoid spending all of my free time doing so, so I've been kind of stuck in this limbo for now.
Compounding the challenge of deciding what risks to take is that MicroCOVID doesn't seem to account for the increasing rate of underreporting or the much higher transmissibility of recent Omicron subvariants, making it really hard to decide what level of risk a given activity will pose. And given the transmissibility of those variants, and society's apparent decision to just ... ignore the risk of Long COVID and go back to normal, trying to avoid getting COVID going forward will be more and more socially costly.
I'm sure I'm not the only one in this situation.
So: