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Insurance is not about coming out ahead on the average case. In fact, it's the insurance company that comes out ahead when you average everything (otherwise the
by xboxnolifes 2y ago
Insurance is not about coming out ahead on the average case. In fact, it's the insurance company that comes out ahead when you average everything (otherwise they wouldn't be a business). You pay for insurance to come out ahead of (or equal to) the 40th(-ish) percentile cases.