> If a couple buys "trip insurance", it's more about managing risk and uncertainty so they can sleep at night if their cruise ship is cancelled rather than smoo

> If a couple buys "trip insurance", it's more about managing risk and uncertainty so they can sleep at night if their cruise ship is cancelled rather than smoothing over price volatility. To rephrase, they're definitely paying a small amount of money to avoid maybe losing a large amount of money. That sounds like the definition of decreasing volatility to me.