Viewing profile — rkosai

Well, there's the War of the Spanish succession, where the heir to France gave up his position to be the King of Spain. Sort of. :) http://en.wikipedia.org/wiki/War_of_the_Spanish_…

Based on all these "rational actor" responses, I take it none of you purchase insurance?

What about the case for a startup? Say, you raise $500k but you "know" (for the sake of argument) you need a million to make the thing work. No gamble: 0% chance of success * 53% P…