On Insurance, Risk, and the Fragility of Being

[Policy Monkey]

I can't stand philosophy majors!

I didn't major in anything, but it would have been philosophy over physics 'cause I'm not that good at math. :-)

 

[Policy Monkey]

just that what you explained was the Copenhagen interpretation of quantum mechanics.

For me it's Copenhagen or Nopenhagen!

 

[shawnmwalker]

@Al3x Lee

1) A promise
2) The Latter
3) A product of Fear
4) Protect and Extract
5) The owner- In that I mean, the Bank
6) A blanket
7) Cold
8) When I am covered from cold, I am covered for Life
9) Until I am not cold
10) Restoration is a pipe dream man, replacement is the next best option.
11) Because the algorithm says so.
12) Time tolls for you! And me! And my car! My TV! And my house! It will all be dust one day.
13) Its all a spectrum of thought
14) Fate
15) Law of large numbers
16) Reality
17) Barely bearable
18) Two sides of a coin
19) You do
20) No
21) Yes
22) No
23) The community
24) $450 an hour - the price of a lawyer
25) Nothing
26) Nothing
27) Protect us from chaos, not eliminate it.

Me after answering these questions:

 

[Life Hawk]

Two things:

Entropy - order to disorder

Death - an assured event

This is why insurance is... because without it, the above would still be true.

Why not make some $ off it?

 

[WinoBlues]

Two things:

Entropy - order to disorder

Death - an assured event

This is why insurance is... because without it, the above would still be true.

Why not make some $ off it?

It's bad enough to die, don't do it for free.

 

[Al3x Lee]

@Al3x Lee

1) What is insurance, really? A promise
2) Is it a safety net, or is it a wager against disaster? The Latter
3) Is it a prudent hedge against the unknown, or is it an admission of fear? A product of Fear
4) Is it a system designed to protect us, or is it a way to extract wealth from uncertainty? Protect and Extract
5) Who decides what is worth insuring and what isn't? The owner- In that I mean, the Bank
6) What does it mean to be "covered"? A blanket
7) Covered from what? Cold
8) Covered for how much? When I am covered from cold, I am covered for Life
9) Covered until when? Until I am not cold
10) If insurance is meant to restore, why does it sometimes replace? Restoration is a pipe dream man, replacement is the next best option.
11) If things lose value over time, why does insurance sometimes pretend they don't? Because the algorithm says so.
12) If a car, a home, or a business is worth one thing today and less tomorrow, why does insurance sometimes compensate as if time stood still? Time tolls for you! And me! And my car! My TV! And my house! It will all be dust one day.
13) Why do we insure against the probable, the improbable, and the inevitable, all at once? Its all a spectrum of thought
14) Is insurance an act of responsibility, or is it a bet against fate? Fate
15) Is it a communal pooling of risk, or is it an elaborate game where only a few ever truly win? Law of large numbers
16) Does insurance acknowledge reality, or does it distort it? Reality
17) Does it make loss bearable, or does it make it profitable? Barely bearable
18) Does it encourage caution, or does it incentivize recklessness? Two sides of a coin
19) If insurance is based on risk, then who truly carries that risk? You do
20) The insured? No
21) The insurer? Yes
22) The system itself? No
23) And if that system falters, who pays the price? The community
24) What is the true cost of security? $450 an hour - the price of a lawyer
25) What is the cost of uncertainty? Nothing
26) What is the cost of believing in a safety net that may or may not be there when it's needed most? Nothing
27) And perhaps the biggest question of all: if insurance is supposed to protect us from chaos, then why does it so often seem to create more of it? Protect us from chaos, not eliminate it.

I'm truly impressed. I had to put the questions before your answers so everyone knows what you're answering. This is why we called upon Shawn the Great Philosopher. One day they will carve a statue of this photo you've bestowed upon us.. looks much like the ancient philosophers of old!

The vans are a perfect touch as well. Just what I'd expect a great Philosopher to wear