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Indeed. Also, most people are risk averse, so they are happy to purchase insurance with an EV (expected value) equal to less than the premium simply to avoid th
by aes256 14y ago
Indeed. Also, most people are risk averse, so they are happy to purchase insurance with an EV (expected value) equal to less than the premium simply to avoid the gamble.
- Evbn 14y agoNot indeed. Variance matters. Look at the hedge fund industry. Expected return is insufficient if you can't recover from death to regress to the mean. So yeah, zombies shouldn't buy insurance