one of the reasons that government is not good at pricing risk is because sometimes instead of pricing it actuarially or based on a risk model, it is priced politically.
Randy Neugebauer: “one of the reasons that government is not good at pricing risk is because sometimes instead of pricing it actuarially or…”
Editor's note · Context
Neugebauer discusses the political influences on government risk pricing.
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What we do know is that there is kind of a trend here, that government doesn't do a good job at pricing risk.
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