Lesson 14 - MsArgos/RMI_2501_Fall_2026 GitHub Wiki
After carefully reading Chapter 10, answer as a group (the entire class) and in less than 150 words in this thread what the main takeaway of the chapter is and why.
In addition, reach out to two classmates to form a trio to make a 3-minute presentation in class about the chapter. Feel free to pick the theme and angle for this group presentation (Only one person per group should be making the presentation -- with everyone's support --, as the other two will be asking a follow-up question and making a critical review in class).
State here the members of each group. There will be 4 trios and only 1 quartet. No more than one quartet will be accepted. If you reach out to a classmate and they are already committed, reach out to another one until you find one. Tip: Refrain from reaching out to classmates just because they are the easiest ones to contact, you feel more comfortable with, they look like you, speak like you, share the same background, etc.
Use this opportunity to hone your networking skills and strategically reach out to classmates that has gained your respect in class based on their sustained commitment to the course, their work ethic, their interpersonal skills, etc. Tip: Feel free to decline invites if you have already committed to one group. Also, you may decline invites from classmates you feel not comfortable with; however, I would suggest taking this invite as an opportunity to challenge yourself and grow from this pre-judgment so that you can be either pleasantly surprised or simply confirm your intuition about the work ethic of this classmate(s).
Once again, list here the names of each trio once they have formed so as to avoid classmates reaching out to you. Note: You cannot add your name to a group listed here without reaching out first and the consent of all group members. If someone does it, the group members should delete the name arbitrarily added and politely ask this classmate to find a trio that has still not been created.
Finally, add two or three very brief statements next to the group members about what the group will be presenting in the context of the chapter so we know what to expect. Make the presentation engaging and memorable. Feel free to be creative and original. Use only your voice; no prompts or visuals are allowed. Please do not read off prompts and do not ask AI to generate the script of this presentation. Trust your individual and collective intelligence.
Chapter 10 Main Takeaway (150 Words Maximum):
Regardless of their life stage, people should always prepare for unexpected risks because even a single event can cause significant financial hardship. Chapter 10 highlights that the purpose of insurance is not to eliminate risks but to manage it through strategic trade-offs. Rather than covering every little cause, people need to understand their ability to take care of unexpected expenses, along with their financial goals and decisions. For example, auto insurance can help cover accident-related expenses, while disability insurance can replace part of the income lost when an injury prevents someone from working. In this way, different types of insurance cover different kinds of potential financial damage. Ultimately, the goal is to find a balance between the cost of insurance and the financial protection it provides, depending on each person's circumstances, so we can protect ourselves from major losses by preventing payments for unnecessary coverage.
Group1
-Member:
-Brief description:
Group2
-Member: Anson, Ishaan, Kana
-Brief description: We will compare area-specific insurances of Japan and California (e.g. earthquake, tsunami), focusing on the cost, coverage, accessibility, penetration rate.
Group3
-Member: Yitong, Leander, Sorana
-Brief description: We will compare the health insurance systems in Germany, Japan, and China. We will discuss the differences in coverage, cost, and government policies. We will also explore how these differences affect individuals' financial risk.
Group4
-Member: Mayuko,Misaki, Amina
-Brief description: We will explain why insurance is important for unexpected expenses, such as medical emergencies and accidents, and how choosing the right insurance helps us manage our money. We use example Japan's public health insurance system as a real-life example, explaining its three main types, the general 30% patient payment, and the freedom to choose hospitals and clinics. We will also mention comparing Japan and the United States, where medical costs and access to doctors or hospitals can vary depending on a person's insurance plan, including deductibles and copayments.
Group5
-Member: Hitomi, Swara, Rin
-Brief description: We will focus on the financial risks that college students might face especially in health and how insurance can help them.
Group6
-Member: Eduardo, Dillon, Gentoku
-Brief description:Government involvement in Healthcare systems is a flawed ideology that only works in a very short term way and will never achieve long term success.