jimrandomh comments on Case study: Console Insurance - Less Wrong

11 Post author: gwern 05 March 2011 02:11AM

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Comment author: jimrandomh 05 March 2011 02:54:47PM 0 points [-]

Insurance offers good salesmen the opportunity to take money from those who are too weak or manipulable to say no, even to things they know are bad deals. I don't think many people buy console insurance because they actually believe it's worthwhile.