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Imagine that you are a consultant for an insurance company which wants to issue a new insurance. Explain to your management (who are smart but
Imagine that you are a consultant for an insurance company which wants to
issue a new insurance. Explain to your management (who are smart but not
mathematically trained) how the amount of initial funds influences the risk of
being ruined (loosing all the money). For example, what happens if the funds
are doubled. Mention the assumptions made.
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