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Comment Re:They've got money to burn (Score 1) 225

This is consistent with what we are taught.

No it isn't. There is no logical difference between taking a risk to win $20, and taking a risk to avoid the loss of $20. Either way, you net $20. Old people are not taking more risk or less risk, they are just taking dumb, illogical risks.

Comment Re:They've got money to burn (Score 2) 225

Not all people over 65 are rich, you know; fact is, most are quite the opposite.

The typical U.S. household headed by a person age 65 or older has a net worth 47 times greater than a household headed by someone under 35. This wealth gap is now more than double what it was in 2005 and nearly five times the 10-to-1 disparity a quarter-century ago.

Comment Re:They've got money to burn (Score 5, Interesting) 225

The study says fogies prefer less risk.

Not quite. The study found that geezers are less willing to take a risk to win, but more willing to take risks to avoid a loss. In many cases they were avoiding good risks and taking bad risks. Overall, they were making worse decisions than younger people when either accepting or declining risks.

Comment Re:Dispensing our reserves? (Score 1) 255

You consider using helium for MRI machines a waste?

Yes. There is little evidence that they lead to better health outcomes for patients, especially if you consider the alternatives. Heart disease is our number one killer, but the most effective remedy is not fancy technology that can build a 3D model of the arteries, but low dose aspirin at a cost of $4 per year. But there is no profit in that, so we get the fancy technology instead.

Comment Re:yep (Score 1) 671

It would be pro-business, but not pro-insurance-business.

It would effect far more than just the insurance industry. The medical industry is 18% of the American economy. In other OECD countries it is as low as 6%, despite the fact that healthcare outcomes in those countries is actually better. So if we decoupled healthcare from employment, and instituted sensible policies instead, 12% of the American economy would disappear. That would require some major adjustments, and there are a lot of powerful special interests that would fight it every inch of the way.

Comment Re:Why do people want to survive the end of the wo (Score 1) 220

Really? And how long will your stash last? Most food these days won't last you the few years minimum you will need.

So your argument is that since we can't be ready for everything, therefore we should prepare for nothing?

Like I said, my primary concern is a major earthquake. That would probably disrupt supplies for only a few weeks. A major disease pandemic, like a "super-flu", might last longer, but no more than a few months. A major global crop failure cause by a volcano or asteroid, would be a bigger problem, but humanity has survived these several times in the past. The worst was probably the famine of 1315-1317, which may have killed 25% of Europe's population. But back then Europe relied on crops, such as wheat, that needed warmth, sunshine, and dry weather to harvest. Today, we have crops, such as potatoes, that can thrive in cold, wet, and hazy conditions. Supposedly people survived that famine by going into the woods and digging up earthworms to eat. Those people were your ancestors. You probably wouldn't be here if they had the same attitude towards survival that you do.

 

Comment Re:Why do people want to survive the end of the wo (Score 3, Interesting) 220

Wherein 'zombies' are a placeholder for 'other (hungry) people', I presume? How christian of you..

I am only a "3" on the Dawkin's Scale, and certainly not a Christian. Instead of the bible, I prefer the moral lesson of The Little Red Hen. Why should my family starve because you made a conscious decision not to prepare? But I am still helping my fellow humans more than you are: When the Yellowstone Caldera erupts, and blocks out the sun, you will rush out in a panic buying spree, thus depriving others. But I will already have my stash, built up during times of plenty, so I will need to take nothing from others.

Comment Re:Why do people want to survive the end of the wo (Score 1) 220

Is your rifle grandfathered, or are you using hyperbole and describing a semi-automatic weapon as an assault rifle?

It is an AR-15, and I have owned it since 1982. I also have a M870 shotgun. In the event of a zombie attack, my wife would use the rifle, and I would use the shotgun (it kicks too much for her). I don't own any other guns, so our kids will focus on reloading magazines (I have trained them to use a speed loader).

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