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An overlooked fact in the article is that each individual engages in different degrees of risk. Some people engage in more risky behaviour than others and insur
by thirdplace_ 5y ago
An overlooked fact in the article is that each individual
engages in different degrees of risk. Some people engage in more risky behaviour than others and insurance is more profitable for them.
- chii 5y agoThis assumes that by taking more risk, you end up gaining more if the risk didn't pan out. But not all situations are like that.