Re:Want to be an actuary? Odds are, you’ll fail the test
by civilized on Wednesday December 29, 2021 @02:11PM
(#29728681)
I think there's an incentive system at work that I'm not sure I've seen articulated before. If the people controlling a rating system want the best ratings to be rare, they will often have to resort to a combination of opacity, arbitrariness, and fine distinctions that are largely meaningless to the consumers of the ratings. Because True Quality can't be reliably recognized by some ratings committee... and yet, they must rate.
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