3 ms·
Which is exactly howbinsurance works, spreading the risk over large enough a population to make insurance affordable for everyone. One of the things Bismarck pu
by hef19898 3y ago
Which is exactly howbinsurance works, spreading the risk over large enough a population to make insurance affordable for everyone. One of the things Bismarck put on place, that socialist.
- ETH_start 3y agoSpreading the cost of each instance across everyone doesn’t make it more affordable, since the reduction in magnitude of harm from each instance is offset by a directly proportional increase in the frequency of instances each individual pays for.