|
|
|
|
|
by snrji
2455 days ago
|
|
It's not only about the odds, but the expected return. That's the whole point of insurance, for instance. Having an accident under these circumstances is quite improbable, but in case it happened, the return would be massive. Actually, since it might be a matter of life or death, perhaps it doesn't even make sense to think about the expected utility, because it would be infinite. |
|