Every one knows that casinos allow underage people to gamble, they just don’t let them win.  I had never, however, made this connection to recission, when an insurance comapny voids a policy after a claim has been filed on said claim.  Over at Taunter Media Taunter has a great piece about how both decisions are informed by the same logic: conditional probablility.

Looking over some of the other posts there it is a place I will be adding into my RSS feeds.

Reblog this post [with Zemanta]
Advertisements