NODE 805c3736Re: AP Revisited
dlv@bwalk.dm.com (Dr.Dimitri Vulis KOTM)Tue, 8 Apr 1997 17:10:02 -0700 (PDT)
paul@fatmans.demon.co.uk writes:
> > Like Insurance? By purchasing insurance you are in effect
> > betting that you _will_ have an accident that does more damage than
> > you have paid in premiums.
> >
> > Really contorted huh?
>
> Hmm, I hadn`t thought of that, this is an interesting way to see AP:
> Taking out a life insurance policy on someone else...
But of course - entities that sell insurance/write options refer to
their business as "making bets" and that's exactly what it is.
By the way a lot of people in the finance industry are compulsive
gamblers who lose tremendous amounts of money on horses, sports
events, Atlantic City, etc.
---
Dr.Dimitri Vulis KOTM
Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps
NODE af6b3389Re: AP Revisited
ichudov@algebra.com (Igor Chudov @ home)Tue, 8 Apr 1997 19:44:32 -0700 (PDT)
Dr.Dimitri Vulis KOTM wrote:
> paul@fatmans.demon.co.uk writes:
> > > Like Insurance? By purchasing insurance you are in effect
> > > betting that you _will_ have an accident that does more damage than
> > > you have paid in premiums.
> > >
> > > Really contorted huh?
> >
> > Hmm, I hadn`t thought of that, this is an interesting way to see AP:
> > Taking out a life insurance policy on someone else...
>
> But of course - entities that sell insurance/write options refer to
> their business as "making bets" and that's exactly what it is.
>
> By the way a lot of people in the finance industry are compulsive
> gamblers who lose tremendous amounts of money on horses, sports
> events, Atlantic City, etc.
I have a feeling that thay also lose tremendous amounts of money
in their finance jobs. The good news is that it is usually not their
own money.
- Igor.