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vimax
665 days ago
How do you expect insurance companies to create actuarial tables for one-off government R&D projects?
3 comments
tedunangst
665 days ago
Insurance companies manage to find ways to price insurance for Hollywood actors storming off set.
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JCharante
664 days ago
Same way insurance companies insure satellite launches. Lots of guesses and getting another insurance company to underwrite their insurance deals.
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NavinF
665 days ago
Just estimate the probability of payout. Yes you can do this for non-repeating, hard-to-model events:
https://www.astralcodexten.com/p/in-continued-defense-of-non...
I do it all the time without making actuarial tables, as do insurance companies.
link