From: dlv@bwalk.dm.com (Dr.Dimitri Vulis KOTM)
Date: Tue, 8 Apr 1997 17:10:02 -0700 (PDT)
To: cypherpunks@toad.com
Subject: Re: AP Revisited
In-Reply-To: <860526938.0523719.0@fatmans.demon.co.uk>
Message-ID: <m67u5D90w165w@bwalk.dm.com>
MIME-Version: 1.0
Content-Type: text/plain


paul@fatmans.demon.co.uk writes:

> > 	Like Insurance? By purchasing insurance you are in effect
> > betting that you _will_ have an accident that does more damage than
> > you have paid in premiums.
> >
> > 	Really contorted huh?
>
> Hmm, I hadn`t thought of that, this is an interesting way to see AP:
> Taking out a life insurance policy on someone else...

But of course - entities that sell insurance/write options refer to
their business as "making bets" and that's exactly what it is.

By the way a lot of people in the finance industry are compulsive
gamblers who lose tremendous amounts of money on horses, sports
events, Atlantic City, etc.

---

Dr.Dimitri Vulis KOTM
Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps