Asteroid Insurance
An insurer sells cheap planet-destroying asteroid insurance, knowing no one will be around to collect.
Content note: Dark humor about the end of the world.
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Free for classrooms, worksheets, slides and other non-commercial use under CC BY-NC 4.0, with credit to Ben Orlin.
Cartoon by Ben Orlin, Math with Bad Drawings. https://cartoons.mathwithbaddrawings.com/2018-07-02-asteroid-insurance/ (CC BY-NC 4.0)Transcript
[Sign] "PLANET-OBLITERATING ASTEROID INSURANCE — $1 million in coverage for a single payment of only $10"
A: "Wow... how can you afford to charge such low premiums?" B: "Actuarial tables suggest not all eligible clients will collect."