Examlex
Which of the following occurs after an illness has begun or an injury has occurred and "seeks to minimize the long-term consequences" of the health problem?
Expected Value
The anticipated value for a given investment or decision in probability and statistics, calculated as the sum of all possible values each multiplied by the probability of occurrence.
Risk Trading
The act of exchanging financial instruments or commodities with a variable level of risk, often in the hope of gaining a higher return.
Adverse Selection
A situation in economics and insurance where parties with higher risk are more likely to engage in an agreement, leading to unbalanced and unfavorable outcomes for one of the parties.
Diversification
An investment strategy aimed at reducing risk by allocating investments among various financial instruments, industries, or other categories.
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