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A comment on Google/Fitbit will monetise health data and harm consumers. Parent comment
My expected cost of future accidents might be N, with variance M >> N.
The insurance pool can absorb it if I have a catastrophic outcome, but I can't.
So it may be worth buying an insurance contract with a negative expected value to hedge risks.
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My expected cost of future accidents might be N, with variance M >> N.
The insurance pool can absorb it if I have a catastrophic outcome, but I can't.
So it may be worth buying an insurance contract with a negative expected value to hedge risks.