正文
and to a lesser extent, insurance biz not only survives, but also florishes...
you are willing to pay $1000 to insure a 1/1000 chance of a $100,000 damage in a car accident, but not $1 for a 1/10 chance of damage to your fragile $100 teapot.
The difference is, insurance and lottery have solid protection and payouts, while fortne-telling is just for the "peace of mind".
you are willing to pay $1000 to insure a 1/1000 chance of a $100,000 damage in a car accident, but not $1 for a 1/10 chance of damage to your fragile $100 teapot.
The difference is, insurance and lottery have solid protection and payouts, while fortne-telling is just for the "peace of mind".
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