Lowering Deductibles for Collision Will Result in Increased Premiums

question 74

True/False

Lowering deductibles for collision will result in increased premiums.

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Definitions:

Self-reinforcement

Administering rewards or punishments to oneself for meeting, exceeding, or falling short of one’s own expectations or standards.

Conscience

An inner feeling or voice viewed as a guide to the rightness or wrongness of one's behavior.

Superego

In Freudian psychoanalysis, the part of the psyche that acts as a moral center, incorporating the values and norms of society and acting as a counterbalance to the id.

Extinction Processes

In behavioral psychology, the gradual reduction and eventual disappearance of a conditioned response following the cessation of reinforcement.