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    [–] r/Nueva is now unmoderated _Gus 2 points ago in nueva

    Alright, I've left now, if anyone still wants permissions over the sub you'll need to wait 6 months and then post on r/redditrequest. Until then, have fun with no mods!

    [–] Nurse Denied Life Insurance Because She Carries Naloxone _Gus 0 points ago in news

    In the end it benefits both sides that they have your information. Whether or not you want them to, if they didn’t have your information then there would be something called “information asymmetry.”

    This leads to a self destructive spiral of “adverse selection,” where because the insurance company doesn’t know your risk, they cannot personalize prices for you. This means they charge everyone the average risk, and so the people for whom this is more than their risk don’t sign up.

    This process repeats itself, and eventually the market for insurance disappears, as they are adversely selecting for only the highest risk individuals, who are willing to pay the high premiums.

    There is an excellent paper on adverse selection and asymmetric information by George Akerof, called “The Market for Lemons.” If you’re interested in learning more about this, I would suggest that you read it, as it does a thorough job explaining the economic concepts.

    [–] hmmm _Gus 1 points ago in hmmm


    [–] Resigning from Mod _Gus 2 points ago * (lasted edited 8 days ago) in nueva

    I’m not forcing anyone to leave. My plan is to give _Soken and ZAS100 full perms and just remove myself.

    [–] Never done before _Gus 3 points ago in PewdiepieSubmissions

    Not from an employee

    [–] Interesting _Gus 1 points ago in PewdiepieSubmissions

    Big if real

    [–] Hmmm _Gus 1 points ago in PewdiepieSubmissions


    [–] Dilbert and childless subsidies _Gus -1 points ago in childfree

    I mean this is true for anything without a flat tax. Some people end up being forced to pay more for the same thing than others. Seems a bit screwed up if you ask me.

    [–] $3.5 Trillion on Healthcare Each Year and We’re Still Uninsured, Underinsured, and Unhappy _Gus 1 points ago in politics

    The number of people who whose political opinions would be changed solely by taking an intro level economics course astounds me.

    While everyone is free to do whatever they want, people should try and make sure they know what they are talking about before arguing with other people. This includes cherry picking studies that uphold your viewpoint. All sides always do this, and it not only makes political discussion more difficult, it polarized both sides because they both are adamant that their source is the best.

    If your goal is actually to point out flaws and find the best system, make an effort to educate yourself, so that you yourself can make decisions and not just rely on what other people tell you.