And yet 33M of Brazilians skipped the elections…

The tax on 50$ > was repealed actually, but that came without any news about it

Brazilian economy is doing OK. Growing higher that predicted expectations, low inflation compared with the rest of the world (the government determine gasoline and Diesel prices so it’s shielded from international shocks). But people live on algorithmic bubbles that show them violence, crime and rage bait 24/7, all of that plus “I like Lula but my pastor told me to vote Bolsonaro” evangelicals

Forgot to add “make no mistakes” at the end of the prompt. Common error that happens to everyone at some point.

Each product needs to sustain itself (risk+actuarial adjustment), pay for itself (admin and distribution costs) and give a return to the owners. You can’t use the actuarial adjustment as return of capital or the company is going to fail eventually.

The owners of the capital want the pool to sustain itself and a return of capital forever. You cant use the same money for both.

The return of capital is what the owners of the capital expect to get to have their money invested on the insurance company instead of moving their money to other investment opportunities.

Illegal gambling already exists on Brazil, is called “o jogo do bicho”, but is low scale with local small crime boss ruling it. Legalization of the Bets let it scale, use the Brazilian financial services, sponsor the world cup and more. It let people bet from the conform of their house in a normalized way, that the bicho game never had.

No, the risk is the probability of a claim times the value of a claim. If you just charge that is mathematically proven that the insurance pool is going to fail. The actuarial adjustment is there to create a surplus that guarantee the survival of the pool.

The price of an insurance product is divided in 4 parts, the risk, the actuarial adjustment, administrative and distribution costs, and return of capital.

Those kids should host their own Lemmy or piefed instance

“Huge W. Gambling” sounds like the name of someone

How is that Blair suddenly all over the place?

AI is not going to kill us because they took control of nuclear weapons and fire them but because they going to tell the president that fire the Nukes is going to guarantee their reelection.

I’m being migrating all my team code from SAS to Python from the past year or so, slowly but firmly. Another team went full on on vibe coding their SAS to Python and now I’m being told that I’m being move to their team to refractor all that vibe code because the results are incorrect and nobody understands what the vibe code is doing. I checked up quickly to know what I’m going to find and the Claude Code just translate the SAS code as is, instead of adapting the code as python practices (for example, to get the last day of the month the code goes to the first day of the next month, but first it check it December to go to the next year, and then subtracts a day, instead of using relativedelta).

The US used to have the brain steal advantage were every PhD in the world wished to work in a research institute or university in the US, but I don’t think that’s true anymore and they’re going to start to lose people to Europe and Asia

Religious right to the land of Palestine until the Israeli government doesn’t consider you Jew enough

My Excel spreadsheets looking fine as hell

I’m not an alcoholic and had never been, buy I use MDMA regularly and can’t even think on getting drunk. Compared with MD, getting drunk suck ass.

I was thinking the same this weekend while my wife and me were hugging and kissing on a party after using MDMA. We used pretty regularly, like once a month and is pretty great

You need two programs for that, one to write the text and other to display it with the format because different encodings can format differently.