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How do you argue or reason with someone using a black box model? If you can't, what is it really.
by motohagiography 4y ago
How do you argue or reason with someone using a black box model? If you can't, what is it really.
- arbuge 4y agoI don't think you argue. You're always free to choose some other insurer if you disagree with the premium they're quoting you.
- motohagiography 4y agoWhere I am, insurers form a "radical monopoly" where they are an esconced tax on people as a legal requirement for a whole set of services. They all use the same models and data, so there isn't choice. There is what you are legally mandated to have at the lowest possible price, and they have no value add beyond that. It does not resemble a market.