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Small-Scale Question Sunday for December 8, 2024

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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where everyone pools money

there's an algorithm to decide whether it's legitimate and how much money it should pay out

I think we can take out the blockchain and focus on two pretty load-bearing elements of this scheme: you want to automate insurance underwriting and claims adjustment.

Both are possible (and interesting) in idealized conditions (i.e. derivative markets), but completely non-trivial in all real-world insurance markets. This "algorithm" would probably be considered at least weak AGI.