Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Tontines may make sense despite their history of disrepute. Parent comment
In an annuity, you're gambling against your own death.
In a tontine, you're gambling against the deaths of others.
From a purely cultural perspective, I think most Americans would rather gamble against the deaths of others.
There are no comments on this comment yet.
In an annuity, you're gambling against your own death.
In a tontine, you're gambling against the deaths of others.
From a purely cultural perspective, I think most Americans would rather gamble against the deaths of others.