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!
The math is good, the point is useful, the explanations are fine, but the embracing straw vulcan version of rationality and dismissing any notion of people legitimately wanting things other than money seems really quite bad, which leaves me wishing this wasn’t being highlighted for visitors to the site.
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!
The math is good, the point is useful, the explanations are fine, but the embracing straw vulcan version of rationality and dismissing any notion of people legitimately wanting things other than money seems really quite bad, which leaves me wishing this wasn’t being highlighted for visitors to the site.