This article on an alternative look at stopping power is really interesting and deserves a full read:
The average number of rounds until incapacitation was also remarkably similar between calibers. All the common defensive calibers required around 2 rounds on average to incapacitate. Something else to look at here is the question of how fast can the rounds be fired out of each gun. The .38 SPL probably has the slowest rate of fire (long double action revolver trigger pulls and stout recoil in small revolvers) and the fewest rounds fired to get an incapacitation (1.87). Conversely the 9mm can probably be fired fastest of the common calibers and it had the most rounds fired to get an incapacitation (2.45). The .40 (2.36) and the .45 (2.08) split the difference. It is my personal belief that there really isn't much difference between each of these calibers. It is only the fact that some guns can be fired faster than others that causes the perceived difference in stopping power. If a person takes an average of 5 seconds to stop after being hit, the defender who shoots a lighter recoiling gun can get more hits in that time period. It could be that fewer rounds would have stopped the attacker (given enough time) but the ability to fire more quickly resulted in more hits being put onto the attacker. It may not have anything to do with the stopping power of the round.
By all means read the whole thing, and read it with an open mind. The charts are fascinating. You guys now where I come down on this...I carry a 9mm precisely because I subscribe to the multiple hits theory, and the faster I can deliver those shots the better.
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