All Tesla Cars Being Produced Now Have Full Self-Driving Hardware

Re:All Tesla Cars Being Produced Now Have Full Self-Driving ... by sergiosgc on Thursday October 20, 2016 @10:19AM (#12752380)

Let me try to rewrite what you are saying in-line with my opinion, hopefully without any loss in translation. You are saying that statistics precision is dependent on model quality, and a better model yields a precision good enough to be usable.

You are correct. My problem with that approach is twofold:

1) There is no clear definition of "good enough";

2) The balancing mechanism between improving model accuracy and simplifying the model (for predictability/market competitiveness) involves actors with very unbalanced bargaining power (insurance companies vs very small subsets of customers)

If I can state the problem in another way: When you use a very refined statistical model for insurance premiums you are basically creating dynamic pricing for insurance services. Dynamic pricing hurts competition in the market through the development of an exaggerated bargaining power by one side of the market. Consumers would be worse off. What they gain in justice of their pricing (I get lower premiums because I'm a safe driver), they lose in bargaining power (via fragmentation of the consumer market).

[ Parent | on HN ]

Re:All Tesla Cars Being Produced Now Have Full Self-Driving ... by weavie on Thursday October 20, 2016 @10:30AM (#12752512)

I would say a good enough measure would be down to accidents. With a large enough dataset I am sure there would be a strong correlation between driving quality and accidents. In that regard the desires of the insurance companies are largely in line with the general public.

[ Parent | on HN ]