The Case Where People Purposely Act in a Careless Way

question 112

Multiple Choice

The case where people purposely act in a careless way, for example, driving recklessly because they are insured, is called

• A) asymmetric information.
• B) risk aversion.
• C) moral hazard.
• D) bounded rationality.
• E) thrill-seeking.

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Definitions:

Patient Portal

A secure online website that gives patients 24-hour access to personal health information and medical records from anywhere with an internet connection.

Phone Tone

The audible sound made by a telephone to indicate an incoming call or a message waiting.

Bored

A state of feeling uninterested and unengaged in an activity or surroundings due to a lack of stimulation or excitement.

Conference Calling

A telephone call in which three or more participants can engage in a conversation simultaneously.