Risk Pooling Occurs When

question 124

Multiple Choice

Risk pooling occurs when:

• A)people organize themselves into a group to collectively absorb the cost of the risk faced by each individual.
• B)people organize themselves into groups according to how risk-averse they are.
• C)people organize themselves into groups according to recognizable characteristics.
• D)companies organize individuals into groups according to how risk-averse they are.

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Definitions:

Accommodation

In cognitive psychology, it refers to the process of modifying existing cognitive schemas, perceptions, and understandings to incorporate new information.

Relationships

Connections or associations between individuals based on emotional ties, kinship, or interactions.

Dismissing Attachment

A pattern of detachment where an individual maintains more independence and less emotional closeness in relationships.

Fearful Attachment

A type of attachment characterized by a desire for closeness combined with a fear of being hurt or abandoned.