@GabrielDuquette Insurance companies seem to be deadweight loss?
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Replying to @drethelin
@drethelin@GabrielDuquette That assertion seems to be common wisdom, which baffles me because it's manifestly wrong.1 reply 0 retweets 0 likes -
Replying to @drethelin
@drethelin Which is stupid; profit is the signal by which corporations orient themselves. W/o profit, deadweight loss expands without limit.2 replies 0 retweets 0 likes
Replying to @drethelin
@drethelin Replacing a risk distribution X with (1 + p)E(X) is a huge gain for an individual actor.
5:26 PM - 16 Jan 2013
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.