Stuart_Armstrong comments on Money pumping: the axiomatic approach - Less Wrong

12 Post author: Stuart_Armstrong 05 November 2009 11:23AM

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Comment author: Stuart_Armstrong 06 November 2009 06:54:45PM 1 point [-]

Actually, for most insurances, it makes no sense to do the bet at any point. Aggregating the risk over your lifetime, you're better off not paying the insurance (this doesn't apply to insurance for major disasters).