Examlex
A refrigerator that would transfer heat from a cold body to a hotter body without work being done would violate __________________ statement of the second law of thermodynamics.
Risk-Loving Individuals
Persons who prefer outcomes with more risk for the chance of higher rewards, as opposed to safer options.
Lloyd's Of London
A UK-based marketplace for insurance and reinsurance where participants form syndicates to jointly insure and distribute risk.
Merchant Ships
Commercial vessels used in international trade to transport goods and sometimes passengers.
Risk Aversion
The tendency of individuals to prefer outcomes with lower uncertainty over outcomes with higher uncertainty, even if the latter may offer a higher expected return.
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