Buffett: Driverless cars Wwill dramatically reduce insurance premiumsWe know the bounded case, auto cars will always perform better than a free running Tesla on auto pilot.
It is a funny, but true metaphor. The insurance companies now have the statistic they need, market uncertainty, an algebra over the worst case. They can always find controlled driving environments confined by technology that do better than Tesla.
A use of Shannon information as a flow of technology resulting in an insurable road environment. Everyone agree to these road rules and we have a matching technology requirement. It is a lot like monitoring term credit by watching a tiny default flow.
Humans know the finite possibilities of risk, they are placed there on purpose so humans can control the 'proof' of safety, Warren will bond it by thumbprint.
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