#adverseselection — Public Fediverse posts

@dyckron @smeg

When #AdverseSelection is ubiquitous and epidemic.

https://www.superversive.co/blog/no-renewal-due-to-adverse-selection

@hankg @JoshuaHolland

It is •impossible• that automobile #insurance actuaries are not tracking all of this and increasing premiums to avoid #AdverseSelection.

#ClimateChange represents #AdverseSelection for the #insurance industry.

Property, lives, and capital is at risk.

https://www.superversive.co/blog/actuaries-are-the-worlds-oldest-data-scientists
https://mastodon.social/@CelloMomOnCars/113600454499476709

@ZaneSelvans
Climate change will break the insurance industry before it breaks everything else.

Actuaries are the world’s oldest data scientists.

The math doesn’t lie.

They are paid to avoid #AdverseSelection.

When the risks manifest everywhere, on everything, all the time, actuarial models collapse.

#AdverseSelection is short-hand for “not worth it” and #ThingsFallApart.

@FantasticalEconomics

A lot of words that aren’t #AdverseSelection: https://www.superversive.co/blog/no-renewal-due-to-adverse-selection

#Actuaries are the world’s oldest analyzers of empirical data: https://www.superversive.co/blog/actuaries-are-the-worlds-oldest-data-scientists

We need a creative meme or TikToker to articulate #AdverseSelection

https://www.superversive.co/blog/actuaries-are-the-worlds-oldest-data-scientists

@TeamMidwest @jalefkowit

"One million #Florida properties are projected to become chronically flooded: properties that today fund nearly 30% of local revenues for more than half of the state’s municipalities, according to a new study conducted by researchers at Cornell and Florida State Universities."

https://www.wmfe.org/environment/2023-10-16/sea-level-rise-drain-floridas-financial-future

#AdverseSelection #RiskManagement #insurance #sustainability

When insurance companies pull out of markets due to adverse selection, it reminds me of Ben Shapiro saying people would just move.

Sure, bro.

https://sampathpanini.medium.com/no-renewal-due-to-adverse-selection-123d0c6832bb

#insurance #math #statistics #RiskManagement #AdverseSelection

Of Models and Tin Men
https://arxiv.org/abs/2307.11137
An ambitious research agenda:
"In a #PrincipalAgentProblem, conflict arises because of information asymmetry together with inherent misalignment between the utility of the agent and the principal… argue the assumptions underlying principal-agent problems are
crucial to capturing the essence of safety problems involving pre-trained AI models in real-world situations."
#llm #AIEthics #MoralHazard #AdverseSelection #economics