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I would argue that actuarial tables, equations, and formulas are not necessarily transparent for 95% of the population.
by Loughla 7y ago
I would argue that actuarial tables, equations, and formulas are not necessarily transparent for 95% of the population.
- runako 7y agoThis is an astute summary of the practical effect of transparency in consumer-facing markets. The information is there, therefore it is transparent. It's sort of on you if you are unwilling take it as a second job and/or hire a suite of professionals to help you understand.
- lotsofpulp 7y agoThat's not the practical effect of transparency. It's the practical effect of living in a complicated world that must be modeled with math that most people don't know. It is on the populace to learn the math (many resources are available online), or fund people who can evaluate it on their behalf.
- lotsofpulp 7y agoThat is just changing the definition of transparency. Transparency means the information is readily available. The math isn't there to obfuscate the information, it is the information.
- kccqzy 7y agoAll of the laws passed by Congress as well as case laws arising from court proceedings are public. By your definition, our legal system is also very transparent. But that doesn't mean you don't need a lawyer just to navigate this voluminous corpus of information.