I really do bridle at the use of the term "gamble" here and in similar Covid contexts
I empathise. And I know you know that I was using the term to flush out exactly the point you made .
In May a nation or union of states can have an insight but no assurance that any particular vaccine would be efficaceous at the end of Phase 3 trials. What to do? Will the horse get even to the start in the Gold Cup?
UK VTC (semi-political) choice (mission "Save lives") was to sign advance purchase agreements for 6 different vaccines. Was this a 'gamble'!!!
UK VTC also accepted a higher level of risk (for UK plc) in the terms of these contracts. Was this a 'gamble'!!!
First Pfizer, then Oxford-AZ and Moderna all produced successful results from Ph3 trials and applied for emergency authorisation. After careful consideration of the data (both during and after the trials and data submission) UK's MHRA authorised such emergency use. Was this a 'gamble'!!!
The JCVI established a strategy and priority order of vaccinating the most vulnerable first, to save lives. Was this a 'gamble'!!!
The JCVI modified their advice (on 30 Dec) to increase the gap between first and second doses to 12 weeks (from 3). Was this a 'gamble'!!!
Yes: and one where the payout was certainly hundreds of lives saved (I haven't done the maths on that, yet) against the risk that effectiveness would be only at 89% (confidence level not sure) instead of 95% (Pfizer) for the extra 9 weeks).
I'm amazed that other nations are not doubling the numbers vaccinated in the first 11 weeks by going for the extended gap, given the paucity of supply.