Borachio
Way past lunacy
- Joined
- Jan 31, 2012
- Messages
- 26,698
That's be rather difficult to tell because we do not know the actual probability distribution of events. My intuition would be yes, it'd pay off, but I have no numbers to back that up.
However, another thing to consider is stability. Suppose you have a 1% chance of losing $100 and you can avert that risk by paying $2. If there are 100 copies of this universe, then you 100 selves will, on average, collectively pay $200 to save an average of $100. So obviously, it might seem to be not profitable to pay that $2. But then, you'd have to consider whether you prefer everyone to suffer a mere $2 deficit or that everyone get to keep that $2 but one have to lose a whooping $100.
Well, this is just the argument for insurance policies.
Whether it's worth insuring oneself (with a company) for any particular risk depends on what it is and how you would deal with the catastrophe in the event of you not being insured.
For example, I don't insure the cash I carry in my wallet. But it is possible to do so.