Death Derivatives are awesome! You can now bet on on how long people live.

[richardhutnik]

SamuelRSmith said:

mrstickball said:

SamuelRSmith said:

Well, if you're gonna die, you're gonna die. Might aswell let somebody get a bit of joy out of it.

Thats really not it. its essentially pension futures. It could play a valuable part in helping out the pension crisis by normalizing hedges against people or groups, thus ensuring that pension funds don't go bankrupt as quickly.

tbh, I didn't read it, I thought he was talking about Dead Peasant Insurance.

It is a variant of that, done a wider scale.  People take wagers that a pool of candidates will live within a certain age and pay out depending of whether they live  longer or not.