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How good would we be at predicting future life expectancy? I'd say we're probably pretty bad at it. The fact that businesses selling life insurance make money
by caf 10y ago
How good would we be at predicting future life expectancy? I'd say we're probably pretty bad at it.
The fact that businesses selling life insurance make money over the aggregate, despite sometimes losing money in the individual, seems to imply we're decently good at it.
- jcoffland 10y agoOnly in the short-term.