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And yes I know I'm gonna get pwned with the responses to this thread. But is it really that different than what you want except X, M, N, and O pays for X's misteps. Where in your solution Y pays for X's misteps.
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There is nothing stopping X, M, N and O from pooling their resources voluntarily to share these costs, mitigate risk, achieve economies of scale in provision of defense, etc.
As a matter of fact, I am a member of exactly such an organization:
http://en.wikipedia.org/wiki/Mutual_insurance
[/ QUOTE ] That one was kinda a gimme. Do you enjoy paying for other peoples misteps provided it's voluntary?
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I keep doing it, therefore I must feel that it is beneficial. I trade some EV for lower variance.