Why bother insuring yourselves then? Just to cover yourselves incase you get "un... | Hacker News

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		henryfjordan on July 9, 2020 \| parent \| context \| favorite \| on: Launch HN: Yotta Savings (YC S20) – Behavioral psy... Why bother insuring yourselves then? Just to cover yourselves incase you get "unlucky"? Couldn't you structure the contest so that you know you'd payout $X per week and not need insurance?

francescopnpn on July 10, 2020 [–]

I guess people eventually could win twice in a short span if they're unlucky and they'd be out of money

Bookmaker12 on July 14, 2020 | [–]

Even if somebody won the jackpot only once, I assume they'd be out of money by far, which is why insurance is needed.

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