Diffusion of Responsibility Can Be Triggered Not Only by the Presence

question 92

Short Answer

Diffusion of responsibility can be triggered not only by the presence of others but also by cognitive
processes induced in an experimental setting,leading to an

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Definitions:

Deposit Insurance

A protection scheme that guarantees a depositor's money in the event of a bank failure, up to a certain limit.

Big Banks

Large financial institutions that hold a significant portion of a country's total banking assets.

Moral Hazard

A situation in which one party engages in risky behavior knowing that it is protected against the consequences, often because another party bears the cost of those actions.

Deposits Insured

A guarantee by a government or private entity that deposits in banks and financial institutions will be protected up to a certain limit in case of bank failure.