MichaelHoward comments on Really Extreme Altruism - Less Wrong

16 Post author: CronoDAS 15 March 2009 06:51AM

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Comment author: John_Maxwell_IV 17 March 2009 11:02:11PM 3 points [-]

So? Not revealing info != dishonesty. Unless he signed a contract that stated that he had no intent to commit suicide, I don't think he ever lied.

Let's say I am a proficient at counting cards while playing blackjack. I go to the casino to gamble and walk away richer--consistently. This case is actually very similar to the insurance one, in that in both cases I am making a bet with some sort of large organization, and I know more about the nature of the bet than the large organization does.

Anyway, is the card counter dishonest? And if not, how is the man who commits suicide different?

Comment author: MichaelHoward 18 March 2009 12:40:40AM 3 points [-]

Now I've thought more about it, if there's nothing in the agreement about suicide being intended at the time of application, then I think you're right.

I think of insurance policies as having clauses in about revealing any information that might affect the likelihood of a claim, but I can understand why that might not apply to life insurance policies.