@drethelin Which is stupid; profit is the signal by which corporations orient themselves. W/o profit, deadweight loss expands without limit.
@drethelin Ultimately it's a topic that I would like to discuss in the 'Rev Studies Mathematical Finance' series. I have notes but...
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@St_Rev so my mental summary is: The value of insurance companies is it creates powerful entities with a profit motive to optimize risk -
@drethelin Yes. Tradeoff is this: the bigger the pool, the better the statistical risk-offset, but the poorer the efficiency signal.
End of conversation
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.