Edited by petrushkagoogol, 26 November 2017 - 11:33 PM.
Risk Mitigation Logic For Individuals
Posted 26 November 2017 - 11:31 PM
Posted 27 November 2017 - 01:11 AM
Well, the issue is that it's pointlessly complicated, and fraught with issues of justifying the potential interactions. Actuaries find it much easier to simply to look at death/illness related statistics/costs (depending on whether you're talking about life or health insurance, something you didn't specify), and dump people in buckets relevant to the top traits they have. That's an approach you can justify because it's entirely based on empirical data, and it's easy to compute.
Since these traits have very wide standard deviations on the average expected result, trying to improve your "accuracy" is pointless.
If you only do the easy and useless jobs, you'll never have to worry about the important ones which are so difficult. You just won't have the time. For there's always something to do to keep you from what you really should be doing, and if it weren't for that dreadful magic staff, you'd never know how much time you were wasting,