Tsipranomics: denial, sophistry, brazenness and good storytelling

The rate for travel insurance depends critically on where we go and what we do there. A hiking tour through the Amazon rainforest comes at a higher premium than a stay at a health spa at Lake Geneva. This is not because insurance companies dislike adventure travellers, nor do they want to dictate where or how we spend our holidays. The difference in premiums simply reflects the difference in risk. The likelihood of contracting a tropical disease, being bitten by a strange bug, or requiring helicopter transport differs between the two destinations, and consequently, so do the premiums. 

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Source: http://www.iea.org.uk/blog/tsipranomics-denial-sophistry-brazenness-and-good-storytelling

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