News for hackers. Stuff that matters.
Re:When Is Insurance Worth It? by kqr on Saturday December 21, 2024 @03:24AM (#42478227)
Many of these probabilities can be looked up in official statistics. Then you can adjust a tiny bit depending on whether you think you have more or fewer risk factors than the average.

When I feasibility tested by asking my wife to guesstimate a couple of these she ended up very close to official statistics. The first-level trick she used is Fermi estimation.

You can totally do it and it's worth practicing. There are even competitions in it open for anyone! I like the Quarterly Cup at Metaculus. The next iteration starts early January.

There are no comments on this comment yet.