3 ms·
I'm not sure this answers the question outlined in the title. Gambling is wrong because the downside isn't inevitable but insurance is okay because the downside
by diab0lic 10y ago
I'm not sure this answers the question outlined in the title. Gambling is wrong because the downside isn't inevitable but insurance is okay because the downside is?
If anything I imagine gambling to be introducing risk of ruin while insurance is protecting against it.