What's the math/probabilities on having vs not having insurance? If you can pay for random occurrences, is it not better to not have it?
@drethelin Very complex subject. High deductible insurance, reinsurance, self-insurance, risk retention pools.
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@St_Rev I don't know what most of those are! It just seems like capitalism should dictate that insurance is negative ev for insured? -
@drethelin Negative ev (or there'd be no money for expenses & profit), positive expected utility. -
@St_Rev in terms of stress and no chance of getting bankrupted? That seems true for most people.
End of conversation
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.