Re:Driverless Cars Threaten to Crash Insurers’ Earnings
by sliverstorm on Tuesday July 26, 2016 @02:01PM
(#12167549)
Insurance is used for a fundamentally different purpose, to socialize risk.
A good quote I found: insurance transfers risks that already existed; gambling creates risk for entertainment.
Re:Driverless Cars Threaten to Crash Insurers’ Earnings
by cloudjacker on Tuesday July 26, 2016 @02:35PM
(#12167800)
A rationalization for Evangelicals. Once you realize the distinctions are all rationalizations to appease people that require cultural distinctions, you'll stop trying to rationalize a difference between financial chances.
Think "why am I more comfortable with gambling because my state mandates I pay it" and think about what circumstances led to that, and then think about what prompted you to care at all.
Off the top of my head I can think of insurance products and the futures market.
But if you can find citations that will be very helpful for me!