Comment on Why is it apparently cool and fine for insurance companies to spend countless billions, trillions of our money constantly buying ad time?

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howrar@lemmy.ca ⁨11⁩ ⁨months⁩ ago

If you consider only the mean, then of course you’re going to be better off without insurance on average. But most of us don’t care about the mean. We care about the variance. And when you buy insurance, you’re reducing the variance in your life in exchange for a lower mean. The problem with insurance isn’t insurance itself, but that often you pay and get nothing in return.

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