= 27d567bc2d48d9f40e9ccc20ea370b15)
MugaSofer comments on Eutopia is Scary - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (121)
It seems that insurance increases the expected amount of money that will be paid rather than decreasing it. The benefit of insurance is not a reduction in (expected) cost but a redistribution of money from possible futures where you are fortunate to possible futures where you are unfortunate. This is a service that you pay a premium for.
Sure. But actually, I was referring to the fact that it doesn't involve a large lump sum payment, or "fortune".
Well, it assuaged their doubts about cost, anyhow. Cost was not the issue here.