3 ms·
> I think they are on different sides of 50% probability. Insurance helps mitigate a low-probability risk. Gambling provides a low-probability chance of a big r
by elijaht 2y ago
> I think they are on different sides of 50% probability. Insurance helps mitigate a low-probability risk. Gambling provides a low-probability chance of a big reward.
Trivially not true- I can wager on a heavy favorite to win at very low payouts