[pdonis]

> In insurance you expect to come out ahead in the average case.

Not financially, no. On average people who buy insurance receive less in payouts than they pay in in premiums. If that were not the case, nobody would sell insurance because anyone who tried to would go bankrupt.

If you factor in the non-financial benefit of risk avoidance, then yes, people who buy insurance come out ahead--but now not just in the average case, but in all cases, at least as long as the people buying insurance are rational and only buy the amount of risk avoidance they actually need.

[leashless]

Oh I meant from the perspective of the one selling the insurance, not the person buying it.

[high_na_euv]

Then how is this valid?

>In gambling you expect to come out behind in the average case.

Casino usually wins :)