An overlooked fact in the article is that each individual engages in different d... | Hacker News

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		thirdplace_ on June 20, 2021 \| parent \| context \| favorite \| on: Insurance is like gambling, don't overdo it An overlooked fact in the article is that each individual engages in different degrees of risk. Some people engage in more risky behaviour than others and insurance is more profitable for them.

chii on June 20, 2021 [–]

This assumes that by taking more risk, you end up gaining more if the risk didn't pan out.

But not all situations are like that.

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