Mathematics, 04.04.2020 04:09 andrew2217
Insurance companies collect annual payments from homeowners in exchange for paying to rebuild houses that burn down.
a) Why should one be reluctant to accept a $300 payment from one's neighbor to replace his house should it burn down during the coming year?
b) Why can an insurance company make that offer?
Answers: 3
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Insurance companies collect annual payments from homeowners in exchange for paying to rebuild houses...
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