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73
"Attorney general seeks death penalty for Luigi Mangione." (media.scored.co)
posted 4 months ago by WittyUserName 4 months ago by WittyUserName +74 / -1
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– CatoTheElder 0 points 3 months ago +1 / -1

You don't understand math at all do you?

The expectation value of an event is the probability of that event times the signed reward of that event. V = P*R

The insurance company knows the real probabilities of events because they have the empirical data. The will not price the insurance at a level below the expected payout for any given event. The 2% you keep mentioning is therefore just as catastrophic to you as the event itself. If you cannot pay for something happening one time, then you cannot pay for the equivalent happening twice.

The only time insurance makes sense is when you rig the game against the insurance company by hiding information from them.

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– fauxgnaws 0 points 3 months ago +1 / -1

So you think losing 2% of your wealth per year is the same catastrophe as losing all of it maybe once in your lifetime? You should just admit you're wrong rather than this bizarre display.

I gave your some credit as maybe an idealistic youth, but this is just retarded.

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