wjnc

13 ms·

151.
by wjnc 2y ago
From the perspective of "European" insurance... this is what you get if you let unbridled adverse selection into your market(s). Health insurance is perfectly manageable (if and only?) if you accept (some) mandatory coverage. Othe
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by wjnc 2y ago
Well more than obviously yes and scandalized by the HN-ers above. Never considered people not making their bed. Grandfather was in the Navy, mother ran and wife runs a tight ship. Me I’m along for the ride. I could expand a few hundred word
153.
by wjnc 2y ago
This hits home. We upgraded a very massive Excel-based model to the peak of our best practice. Proper split in requirements vs. implementation, a separate data quality layer, model validation on the model, Ze Kloud, etc. Turns out accountan
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by wjnc 2y ago
I reconstruct it as: [Did you know of] the sad tale [where] hype [was] fanning fears [that] modern cryptography was slain [but it wasn’t]
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by wjnc 2y ago
Thanks to not feeling alone in the world (thanks u/oorza). I mentioned this story at work today. Is autonomy a necessary part of work happiness? I don’t think so. Being part of a staff that manages successful delivery (in this case of
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by wjnc 2y ago
My stint as a EU McD worker did give me a feel of how well scripted low skill labour can feel like pleasant work. I didn’t appreciate it at the time but it was six sigma checklist everything. There is a magic to smooth operation. In all my
157.
by wjnc 2y ago
What are your thought on risk / reward (more precise: cashflow matching) with regards to physical products with a software component? I think buy (hardware) + fee (software) is the natural way of looking at things. Just as you pay sepa
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by wjnc 2y ago
Insurers do notice that small claims (in P&C) are a relatively small part of claims + cost so most don’t offer the high deductibles. As a bonus, with higher deductibles come relatively more lawsuits. So safer to only offer low deductibl
159.
by wjnc 2y ago
Totally get your point between individual skill / trust and the agency level. In my little country we had a recent event where a governement agency, pretty much failing for the last 20 years, but especially pronounced the last 5 years
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by wjnc 2y ago
1. If anything, this public dataset will increase 'collusion' by giving the parties in the market access to the integral set of market prices. 2. Collusion is a strong word. It hints at breaking the law, willfull action, etc. Look
161.
by wjnc 2y ago
This might be a partial explanation why indie studios can be in meaningfully competition with the AAA-developers. They often integrate early and use beta, even alpha, early access. As a layman I find that approach more understandable. In my
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by wjnc 2y ago
Thanks. I see the context now. Our asset managers are indeed lucky to have Bloomberg and such, which are easily integratable (and indeed, have been "SQL" for more than a decade now). I'm aware of the third party providers of
163.
by wjnc 2y ago
Am I in another world? (See my response above.) Most of the ‘hundreds of LLM apps’ I see are, well, not very fancy and struggling to keep up on accuracy in comparison to the meatspace solutions they promised to massively outperform. I agree
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by wjnc 2y ago
Who, in your example, put the customers financial data in the SQL database? Because in my part of finance that’s either the customer, or an employee. Our customers are asking for integration with a lot of their systems (say HR / patrol
165.
by wjnc 2y ago
Thank you. Nice read. Even given a protective order to keep discovery confidential, the ensuing discussion about the clients lacking IT-policies that exacerbated this crisis is public. Most entertaining would be the discussion where CrowdSt
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by wjnc 2y ago
It’s an argument that hits home at any bigcorp where the execs are entertaining the thought of suing CrowdStrike. Making it public once is a lot more effective than relaying it privately a hundred times. I expect most liability to come from
167.
by wjnc 2y ago
Thank you. I see your point. It's only one year of fiscal budget. That's not immense, but only impactful. I was putting some (actuarial) things I know little of together in my mind. US state pensions being unfunded, large risks be
168.
by wjnc 2y ago
Wow, eye-opening, especially reading up on the wiki [1]. If the state-sponsored insurer of last resort ask about 40% of the going actuarial rate, that suggests in the long run Florida's insurance market will be collectivized. This seem
169.
by wjnc 2y ago
Totally true. For a car insurer you are looking at what, 500 years of premium for a serious total loss collision? That means 499 people get nothing (drama?!). Actually this percentage (the “24%”) gets higher the more extreme the covered eve
170.
by wjnc 2y ago
These people did 40 years of fieldwork to prove the point. ‘Beak of the finch’ by Jonathan Wiener is a very readable story about their work.
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by wjnc 2y ago
Sorry, but I feel the author is reaching for a conclusion. From OP, in the OVH-case liability seems to override the contract / waivers when OVH was both the storage And backup provider and did not actively underline that this solution
172.
by wjnc 2y ago
Cassette tapes doubled as music storage and data storage for machines like ZX Spectrum and C64. You could just copy software like you would copy a music cassette. Code via radio would be as easy as playing a song. Another time long gone com
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by wjnc 2y ago
You are punning, but if a big tech would create a map of publicly available toilets that would be great for many demographics (any man 65+, those with bowel syndroms). It’s the little things that make life easier (or more affordable) that m
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by wjnc 2y ago
Emphatically NO. Involved in (IT) Risk and DORA in a firm that actually does IT risk scenario planning (the sort opposite of checkbox compliance). DORA is rubber stamping al the way round. One caveat is that we are way ahead of DORA, so tre
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by wjnc 2y ago
As an extra set of info: from about 8-9 years old children are often allowed to cycle alone to friends within the neighborhood to play. Around 11-12 years old middle school starts and you are expected to have your kids ready to cycle the ci
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by wjnc 2y ago
(As a though experiment) The problem would be how to combine shareholder capitalism with post hoc lowering of prices. Why should the shareholders Novo accept less returns on their bet, in order to give Americans a better price than 'th
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by wjnc 2y ago
I was contemplating the feeling “I miss my parents” just this afternoon. Bit by a tiny shard of glass. They died 18 and 11 years ago and still there are moments where I would like to share a story or have a little uplifting chat. They would
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by wjnc 2y ago
A fun thing in that broader thread is that cperciva is actually interacting with a Dropbox founder and both pulled of their vision via wildly different trajectories. Having a vision and sticking to it long term. ‘07 was a good time to be wr
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by wjnc 2y ago
Untrue. Even small communities have shown to be able to do maintenance on whatever piques their interest. 250 customers with a high stakes product is large enough for them (or their insurer) to collectively hire say one programmer and one m
180.
by wjnc 2y ago
Sorry, the 'should' probably has an unintended negative connotation when talking about a specific study. To delve a little deeper. They seem aware (under HOW WE CONDUCTED THIS STUDY [1]): "While the information collected by t

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