Examlex
"I will keep the rule if you do" is an underlying concept in Rawls concept of ethics.
Accidents
Accidents are unplanned events that can cause damage, injury, or loss, often stemming from unforeseen circumstances or negligence.
Adverse Selection
A situation in insurance and finance where higher-risk individuals are more likely to apply for or select a particular service, leading to potential losses for the insurer or lender.
Hidden Actions
Pertains to situations in principal-agent relationships where agents' specific actions are not observable by the principal, leading to a moral hazard.
Hidden Information
Information that is not known to one party in a transaction, which can lead to an imbalance of power or adverse selection.
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