gbog

70 ms·

661.
by gbog 13y ago
You can have a look in a book titled Thinking Fast and Slow. It is strongly backed by multiple experiences. Profit: it is ok to make profit, but where ifs the limit? Would you agree that companies should not take advantage of children weakn
662.
by gbog 13y ago
Catastrophic event; reminds me of black swans. The more catastrophic, the rarer, but also well be the one with the most damage. As every insurance is itself insured, I'd say if there is something really catastrophic, all crashes and no
663.
by gbog 13y ago
The car accident is different, insurance is mandatory because you also risk other people's lives. And I don't say you shouldn't pay for your own protection, I say you can't evaluate the risk correctly and are very likely
664.
by gbog 13y ago
Yes insurance is finance. Finance is broken, right? Maybe insurance could be too?
665.
by gbog 13y ago
Yes, you describe exactly what is in Thinking Fast and Slow. So you are not rational, neither am I. But as you repeat the same patterns of risk aversion for all occurrences of a choice in your life, the sum is that you paid too much for ins
666.
by gbog 13y ago
Hi, Your strongest point is competition, but competition only works fully for economically rational agents, which we are not. Regulations are making my point stronger: they exist because without them the clients would be defenseless. Sorry
667.
by gbog 13y ago
In most other industries you can evaluate the price asked against the utility of the product out the service.
668.
by gbog 13y ago
It is different in this that you can't evaluate the price of the thing you buy. It's like contemporary art if you will, but art is more obviously a scam, while insurance have an aura of solidity and serious.
669.
by gbog 13y ago
My point is not that insurance in itself is a scam. It would be rational to pay a small fee to a common account and get back much more when needed. It is how most communities work. My point is that the current insurance system and price is
670.
by gbog 13y ago
Sure and that's why they are easy to beat. How many industries would not even exist if human were rational? And again, the most rational ones have less loss aversion, take more pondered risks, invest in what has real value (education)
671.
by gbog 13y ago
Yes but a fair insurance would be the exact price of the risk leveled among insured, plus a small processing fee. There should be not one penny left for luxurious offices or prestigious ads or art mecenat. Lottery pleasure is empty. Play po
672.
by gbog 13y ago
Do you agree that we are very bad at evaluating very low probabilities (below .1%)? Then how much would you bet on the hope that insurance companies are not taking advantage of this psychological weakness for their benefit?
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by gbog 13y ago
It should be noted that used in Thinking Fast and Slow context this micromort induce can be used to show how much we human have very hard time grasping low probability events. All the lottery and insurance business is just a scam against us
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by gbog 13y ago
Furthermore each listed risky activity should be balanced with the micromort risk of not doing it. For example suppose I take a plane, then ride a bike to go hiking for a week with friends. Maybe this trip will save me many micromort from h
675.
by gbog 13y ago
There has been a long history of people standing against their government at the risk of their lives, because some few principles of morality are higher than governments. We have seen the case of Thoreau and friends, against slavery. And th
676.
by gbog 13y ago
Kudos for this accurate and relevant Confucius quote, it is rare nowadays. In fact, reading this guy's Analects, you'd find a mine of secular wisdom aphorism that sound obvious but are all the more urgent to remember by the times
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by gbog 13y ago
Here the audience might think "create a startup" but I think this quote may resonate the strongest with those who forgot to have kids in time.
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by gbog 13y ago
You could tell your former position and add that you have done some gap filing in between four a few month, without telling the details.
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by gbog 13y ago
Since when it is ok to suppose visitors know to click the escape key to go back. And where is the link to go up to the gallery. I had to mess with the url or I was gone for a long back button session. Morevoer it is very slow. Just to add s
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by gbog 13y ago
It is up to you to be so pessimistic, but why would you try to convince others? I see everyday some proofs that the world is not all about money: I just need to hang out with friends to be convinced.
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by gbog 13y ago
I'm all with you on this anti China bashing rant, it's too easy and sometime even get the smells of the yellow peril. But there is another x in the equation: seeing foreign companies or institutions go firm against governments, in
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by gbog 13y ago
Yes, that's what I meant, thanks. Cycles become transparent and integral parts of daily life.
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by gbog 13y ago
If you think so, it means the author did not emphasize enough that cycling is a life-style and a voluntary effort from the Dutch. There are many flat and dense cities with much less bikes, think New-York, but the Dutch seem to have decided
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by gbog 13y ago
Yes. Moreover, relativism has its limits, science and religion cannot be said equal before scepticism: if you have doubts about a theory or some experimental results you can and should investigate their truth. While it is not possible to fa
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by gbog 13y ago
Yes, this differentiation between humans and other animal is kind of axiomatic here, but I fear that if you remove it the consequences are too dangerous. I believe that exploiting crops or cows in a field, and killing them, is morally accep
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by gbog 13y ago
When going slightly against common sense, people tend to randomly add Chinese quotes, usually from Lao-tzu, and it is almost always a bad idea. But here this text is vibrating strongly with one of the core idea of daoism, it is impressive.
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by gbog 13y ago
> you can't expect to stumble on Elon Musk, Jeff Bezos, or Evan Williams by joining a random YC company. There are probably less then a dozen people of this quality in the entire world Adding nitpicking over nitpicking, this sentenc
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by gbog 13y ago
Mine: In fifty years ecology will seem as ridicule as we see the middle age crusades now. The only allowed porn will be animal documentaries. Economy will be replaced by something that actually works, the same way alchemy has been replaced
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by gbog 13y ago
If I were in charge of security in a company handling sensitive data I would consider enforcing that all connected devices run a stable and open source os with root access and would add a special app checking for odds and phoning home regul
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by gbog 13y ago
Why do you say that? Being able to change the batteries is extremely useful for many people in countries were you check it out before buying a new phone. Having security issues is very important for all the business market, and because of t

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