Comparing insurance with expected value
8:20
Comparing insurance with expected value
Aug 13, 2016
Khan AcademySal Khan
Insurance math is crazy until it isn’t. Let’s forget proration, probability, and inflation. Let’s just talk money made and money paid. If rate increases and investments didn’t exist, either many companies couldn’t remain solvent OR a lot of people wouldn’t fit the appetite for most carriers. #fyp #autoinsurance #explained #money #thatinsurancelife
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