You are happy with insurance because you see it as reasonable to prefer the risk profile it offers over that of forgoing it. But one might just as well also pre

You are happy with insurance because you see it as reasonable to prefer the risk profile it offers over that of forgoing it. But one might just as well also prefer the risk profile offered by a lottery ticket over that of forgoing it. Why not prefer a slim chance of a tremendous windfall and large chance of negligible loss to a guaranteed status quo? People can prefer whatever they want.