We're clearly having different views on society. Yours seems through a strict financial lens, but correct me if I'm wrong.
> potentially huge if you do.
No, it isn't. You've just incurred a (probably larger) loss, elsewhere. There's no pay-off. Insurance makes large losses bearable for the individual and society. That's unlike gambling.
> potentially huge if you do.
No, it isn't. You've just incurred a (probably larger) loss, elsewhere. There's no pay-off. Insurance makes large losses bearable for the individual and society. That's unlike gambling.