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Try to model this happening as if you were an actuary trying to price the premiums and payout of insurance. What odds would you give me of something like this
by Infinity315 3y ago
Try to model this happening as if you were an actuary trying to price the premiums and payout of insurance.
What odds would you give me of something like this happening over the course of next ten or even hundred of years? That scenario in which people are bartering for resources is a scenario in which power has been lost for multiple weeks in the United States? The odds you should be giving me is on the order of millions or tens of millions, at least.
- u32480932048 3y agoScenarios in which it's better to have cash than to not have cash abound. The risk is nil, so I personally don't need odds in the billions to justify keeping cash on hand. A fender bender can mess up your day or weekend plans just as much as a 200-car pileup of flaming hazmat trailers - and the minor events occur far more frequently.
- jjav 3y ago> That scenario in which people are bartering for resources is a scenario in which power has been lost for multiple weeks in the United States? Well, 100% certainty since it has happened within the decade.