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Actuarial Warfare: How Seven Insurance Letters Closed the Strait of Hormuz
(
shanakaanslemperera.substack.com
)
6 points by
throw0101c
13 hours ago
|
1 comment
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Rendered at 00:27:04 GMT+0000 (Coordinated Universal Time) with Cloudflare Workers.
fuzzfactor 10 hours ago
[-]
Moneyquote:
>When verification cost exceeds haircut, the market seizes regardless of actual loss probability.
>When verification cost exceeds haircut, the market seizes regardless of actual loss probability.