From: ichudov@algebra.com (Igor Chudov @ home)
Date: Tue, 8 Apr 1997 19:44:32 -0700 (PDT)
To: devnull@manifold.algebra.com
Subject: Re: AP Revisited
In-Reply-To: <m67u5D90w165w@bwalk.dm.com>
Message-ID: <199704090241.VAA06555@manifold.algebra.com>
MIME-Version: 1.0
Content-Type: text


Dr.Dimitri Vulis KOTM wrote:
> 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.

I have a feeling that thay also lose tremendous amounts of money
in their finance jobs. The good news is that it is usually not their 
own money.

	- Igor.