When a Night Watchman Only Performs Two Walk-Throughs Per Night

question 7

Multiple Choice

When a night watchman only performs two walk-throughs per night when he is being paid to perform five walk-throughs per night, it is an example of

• A)both moral hazard and adverse selection.
• B)neither moral hazard nor adverse selection.
• C)moral hazard, but not adverse selection.
• D)adverse selection, but not moral hazard.

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Definitions:

Deep Learning

A subset of machine learning in artificial intelligence (AI) that involves networks capable of learning unsupervised from data that is unstructured or unlabeled.

Labeled Data

Data that is tagged with one or more labels, identifying certain properties or classifications, which is used for supervised learning in machine learning algorithms.

Deontology

An ethical theory that suggests the morality of an action depends on its adherence to a set of rules, rather than its consequences.

Moral Duties

Ethical obligations or responsibilities that individuals are expected to adhere to based on moral or ethical principles.