AP Revisited

[Dr.Dimitri Vulis KOTM]

paul at 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.

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