Curated. Insurance is a routine part of life, whether it be the car and home insurance we necessarily buy or the Amazon-offered protection one reflexively declines, the insurance we know doctors must have, businesses must have, and so on.
So it’s pretty neat when someone comes along along and (compellingly) says “hey guys, you (or are at least most people) are wrong about when insurance makes sense to buy, the reasons you have are wrong, here’s the formula”.
While assumptions can be questioned, e.g. infiniteness badness of going bankrupt and other factors can be raised, this is just a neat technical treatment of a very practical, everyday question. I expect that I’ll be thinking in terms of this myself making various insurance choices. Kudos!
Curated. Insurance is a routine part of life, whether it be the car and home insurance we necessarily buy or the Amazon-offered protection one reflexively declines, the insurance we know doctors must have, businesses must have, and so on.
So it’s pretty neat when someone comes along along and (compellingly) says “hey guys, you (or are at least most people) are wrong about when insurance makes sense to buy, the reasons you have are wrong, here’s the formula”.
While assumptions can be questioned, e.g. infiniteness badness of going bankrupt and other factors can be raised, this is just a neat technical treatment of a very practical, everyday question. I expect that I’ll be thinking in terms of this myself making various insurance choices. Kudos!