Question: Why do people often want to insure fully against uncertain situations even when the premium paid exceeds the expected value of the loss being insured

Why do people often want to insure fully against uncertain situations even when the premium paid exceeds the expected value of the loss being insured against?

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1.5. Why do people often want to insure fully against uncertain situations even when the premium paid exceeds the expected value of the loss being insured against?

=+5. Why do people often want to insure fully against uncertain situations even when the premium paid exceeds the expected value of the loss being insured against?

=+5. Why do people often want to insure fully against uncertain situations even when the premium paid

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