Thoughts on thoughts (II) [entries|reading|network|archive]
simont

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Thu 2005-05-12 10:36
Thoughts on thoughts (II)
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[personal profile] simontThu 2005-05-12 13:40
I can see that there'd be a moral hazard in betting on (say) the death of a specific person, in that one might be tempted to kill them so as to win the bet. But the whole human race including the person you placed the bet with? If you kill them, they can't pay up. (You could, I suppose, take the money from their corpse, but then you could do that even if you hadn't placed a bet with them, so I don't see that the bet adds any additional moral hazard to the existing temptation to kill people and take their stuff. Besides, half the point is for them to know they lost.)
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[identity profile] ewx.livejournal.comThu 2005-05-12 13:48
You could set up an inevitable and unavoidable impending planetary doom, then collect on the bet and enjoy your ill-gotten gains in the intervening time.
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[personal profile] simontThu 2005-05-12 13:57
Inevitable and unavoidable? I suppose you'd have to be pretty careful to stop them weaselling out of paying up.
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[identity profile] ewx.livejournal.comThu 2005-05-12 13:59
It might unavoidable but could fail to happen for reasons outside your control, or an inevitable event that you could personally avoid. Or possibly I was just using repetition for emphasis.
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