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It's an interesting point, but I don't see why it would be any different from any of the usual insurances (car, house, etc). A market based on life insurance po
by losvedir 15y ago
It's an interesting point, but I don't see why it would be any different from any of the usual insurances (car, house, etc). A market based on life insurance policies which then incentivizes assassinations is a chilling thought, and strikes me as analogous to your scenario, but I don't think such a thing happens, right?
- dxbydt 15y agoYou might be surprised - see this : http://www.bloomberg.com/news/2011-05-16/death-derivatives-emerge-from-pension-risks-of-living-too-long.html http://www.bloomberg.com/news/2011-05-16/death-derivatives-e... Other examples in the entertainment industry - say there exists insurance that your movie will earn a minimum revenue say 25 million usd. Your competitor simply buys those contracts and then trash talks your movie on the opening night ( by simply paying out bloggers and amateur journas some pittance sum of money ). Your movie tanks and so the contracts get exercised and your competitor makes a whole lot of money. So the next time around, you make a shitty movie to begin with. Then YOU buy the contracts, wait for your shitty movie to tank and cash in the contracts! This actually happens sometimes in Bollywood, though not in the exact fashion I described but in a more shady fashion.
- wisty 15y agoWhen people are planning to murder their spouse, then sometimes pressure them to get a life insurance policy. It doesn't look good if the police notice this.