Re:Insurance is like gambling, don't overdo it
by ClumsyPilot on Sunday June 20, 2021 @04:32PM
(#27573638)
To use more information, you make more granular risk pools. The pools need to ne large enough to actually pull risk.
If you try to ise 10 pieces of information with 10 possible values each, that could give you 10 billion risk pools, i.e. individual person. Alternatively 33 Yes/No questions alsp let you identify an insividual person on planet earth.
Having "individual" insurance has no real meaning, because at that point its not spreading risk.
If you try to ise 10 pieces of information with 10 possible values each, that could give you 10 billion risk pools, i.e. individual person. Alternatively 33 Yes/No questions alsp let you identify an insividual person on planet earth.
Having "individual" insurance has no real meaning, because at that point its not spreading risk.