4 ms·
> if you really optimize it to ad absurdum, everybody will pay according to damages they will cause, negating whole point of 'socialized' spread-across-variable
by dontlikeyoueith 2y ago
> if you really optimize it to ad absurdum, everybody will pay according to damages they will cause, negating whole point of 'socialized' spread-across-variable-population insurance
Except spread out over time, which is still a net-benefit.
- Retric 2y agoUltra efficient premiums should include the time domain by charging premiums in winter vs. summer based on risks. Keep getting better and a ‘perfect’ system would bump the premiums pre accident to cover the full costs of that accident immediately before your accident. Making insurance a pure dead loss for consumers which means insurance must be inefficient to be useful.
- deleted 2y ago[deleted]