--- Original Message -----
From: "Tim May" <[EMAIL PROTECTED]>
To: "Yardena Arar + Christian Goetze" <[EMAIL PROTECTED]>
Cc: "Nathan Saper" <[EMAIL PROTECTED]>; "Cypherpunks"
<[EMAIL PROTECTED]>
Sent: Wednesday, October 18, 2000 9:00 PM
Subject: CDR: Re: Re: why should it be trusted?
>
> Gambling is about assessing risk and rewards and payoffs. A person
> seeking insurance knows things about his or her health that the
> prospective insurer may not know about. Likewise, the prospective
> insurer may come to know things about the candidate.
>
> This is the way markets in general have always worked. Economists
> talk about "preference revealing" and "selective disclosure of
> information."
>
But the Bob has no control of his risk (genetics), or at least not yet :).
The insurance company does.
I don't have a problem with insurance companies raising rates for people who
smoke, are overweight (cough, cough), or have high cholesterol (cough,
cough, cough). That's behavior that can be changed.
Neil M. Johnson
[EMAIL PROTECTED]
http://www.interl.net/~njohnson
PGP Key Finger Print: 93C0 793F B66E A0C7 CEEA 3E92 6B99 2DCC
