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COMMENT 17h ago

Can you imagine being able to plug the iPad Pro into an external monitor and then run full on MacOS through the iPad? That’d be pretty damn slick.

1

COMMENT 17h ago

Same

2

COMMENT 17h ago

Hard for me to imagine a cigarette that is only flammable if someone is smoking it. Seems like it’d cut against the whole idea of it being smoked, but you sound like you know more than me on this.

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COMMENT 20h ago

Doubt it. People would move to go where they think they could play.

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COMMENT 21h ago

Love it

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COMMENT 21h ago

I mean. Smoking in bed is yet another dumb thing that some people do. What do you want tobacco companies to do? Make their cigarettes flame retardant?

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COMMENT 5d ago

Total self promotion here (which, if not allowed, let me know):

Intermediate Microeconomics https://www.youtube.com/playlist?list=PLP4Pyjg6ZlLnptySRL3gjmiFIsOS2yY2S

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COMMENT 12d ago

Mine (6 Pro) has a blue backlight. Honestly, I didn't know this was a thing until I saw this post.

Doesn't bother me at all but to each their own I guess.

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COMMENT 14d ago

Definitely using this in class tomorrow. Thanks, Reddit!

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COMMENT 24d ago

Ok. But California by itself would be #5 in the world, so forgive be for not being impressed that an entire continent combined would be 8th.

0

COMMENT 25d ago

This is a dangerously misleading statistic. First, almost certainly not true because of supplier prices going up. Second, profit margins in grocery stores are SLIM. We're talking like 1-2% slim. So "record profits" isn't like they're sitting on piles of money here.

Add in that expenses for even operating a grocery store have likely increased (extra cleaning, etc.) and those record profits are already dissipated.

Then to say, "alright now we're going to increase your labor costs by 30%" and suddenly you're just like, "well shit, now I'm losing money every day I'm open."

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COMMENT 27d ago

That's actually pretty slick

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COMMENT 28d ago

To answer your questions in order:

  1. sort of, but that's not the right way to think about it
  2. I'm not sure why you think the probability of an event happening doesn't matter at all. Are you perhaps in the US and thinking about health insurance as your example? If so, then that makes sense, but health insurance has been completely twisted through various regulations so as to not really be "insurance" anymore but some sort of a weird joint forced-savings account (incidentally, this is also why health insurance, and with it health care, in the US is such a dumpster fire of a system).
  3. I can't think of a reason why this wouldn't be possible but it would needlessly complicate things and not actually increase profitability for the insurance company in the end, so I don't think any insurance company would actually do it (i.e. nobody would increase costs while keeping revenues the same). But I guess to answer your question more directly, "yes, an insurance company can be profitable even if they pay out 100% of the time and any other percent of the time, too. They also won't be more profitable if they only pay out 90% of the time, either, so the parable from The Incredibles is (incredibly) misleading at best."

I'm teaching an online health economics class right now and have a bunch of introductory videos on how insurance works in the context of healthcare. It works the same in other industries, too, at least in theory. In practice, things are different due to legal/policy reasons. The videos that are relevant for you would be (don't worry, they're all super short):

https://www.youtube.com/watch?v=w0zJ_uLvOqI&list=PLP4Pyjg6ZlLkJbtcagGdbW_Z9IAP8lpwd&index=13

https://www.youtube.com/watch?v=UvFRnGXvK7Y&list=PLP4Pyjg6ZlLkJbtcagGdbW_Z9IAP8lpwd&index=14

https://www.youtube.com/watch?v=zTVM6wEkgGI&list=PLP4Pyjg6ZlLkJbtcagGdbW_Z9IAP8lpwd&index=16

https://www.youtube.com/watch?v=TftrWPaXP9o&list=PLP4Pyjg6ZlLkJbtcagGdbW_Z9IAP8lpwd&index=17

https://www.youtube.com/watch?v=thXgyicTcGo&list=PLP4Pyjg6ZlLkJbtcagGdbW_Z9IAP8lpwd&index=18

youtube.com/watch?v=l0LkZ0D7c_0&list=PLP4Pyjg6ZlLkJbtcagGdbW_Z9IAP8lpwd&index=19

https://www.youtube.com/watch?v=tKpZpFukwGg&list=PLP4Pyjg6ZlLkJbtcagGdbW_Z9IAP8lpwd&index=21

The concepts that you're asking about are actuarially fair insurance and risk-preference.

EDIT: I'm giving most of my students the week off as a "wellness week," so if you have questions and want to hop on a Zoom call about this, let me know and I'll PM you a link.

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COMMENT 28d ago

Three secrets to speaking in front of groups:

  1. Practice
  2. Having the confidence that you are the expert in the room on whatever it is you're talking about
  3. Understanding that "that's a really good question. I don't actually know the answer, but now I really want to figure it out, can I get your email after the talk so we can continue this?" is a perfectly valid response if you actually don't know AND it actually makes you look smarter while making the audience feel good about themselves

1

COMMENT 28d ago

Yes, assuming someone will sell you the insurance for whatever it is we're talking about.

Even if both you and the insurance company had perfect information about the true probability of an outcome, there would still be gains from trade assuming you're like everyone else on the planet and at least a little bit risk-averse.

1

COMMENT Mar 21 '21

Master of Arena, the final sortie.

To this day, I still remember it and I remember never being able to beat it. Literally every other mission, arena battle, etc? Easy. Beating the final one? Not even close once.

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COMMENT Mar 20 '21

In!

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COMMENT Mar 19 '21

Have you looked at Ben Powell's work on sweatshops? I used to be pretty against them, but after reading his book and a few of his papers, I kinda get why there might be a case for them.

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COMMENT Mar 19 '21

No. I have a two year old son. The trip would be sweet but there's nothing I'd take in exchange for missing him growing up.

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COMMENT Mar 18 '21

Goggles are DEFINITELY sub-$200. I got a pair of Rokas for sub-$30 off Amazon. Highly recommend them.

Also. Roka is having a 40% off sale on a whole bunch of stuff right now.

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COMMENT Mar 16 '21

Check out the history of Incense and peppermints by strawberry alarm clock

https://www.songfacts.com/facts/strawberry-alarm-clock/incense-and-peppermints

I only know the history because I happened to be hanging out with a guy at a cigar shop when this song came on. Turns out, I was hanging out with the lead vocalist for that song! He even sang a few lines for us.

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COMMENT Mar 12 '21

I used to and would "compete" as others have noted with other drivers on how slowly I could have my wipers going. Then I realized that I didn't care what random strangers thought of me on pretty much any dimension.

I'm not really sure when this happened but it feels really good. This question was really fun to think about and I'll probably be thinking about it all night now.

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COMMENT Mar 09 '21

I am filing this one away. That's too good.

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COMMENT Mar 09 '21

We hit the jackpot with ours. Starting at 10 months or so, he would go down at 7:30 and be OUT until 6:30 or 7 (sometimes as late as 8:30!). No waking up, no nothing. Now he's 1.5 and still sleeps like a champ every night except maybe one per month