3 ms·
> I guess there could be second-order effects when insiders can actually change the outcome You don't need to guess. That's exactly why it's illegal: It create
by lxgr 10mo ago
> I guess there could be second-order effects when insiders can actually change the outcome
You don't need to guess. That's exactly why it's illegal: It creates bad incentives, similarly to e.g. taking out a life insurance policy on a random person you have no financial dependence on.
- FireBeyond 10mo agoDidn’t Walmart (and perhaps others) used to do that? May even have been referred to as Dead Peasants Insurance.