The Phenomenon in Which an Insured Individual Takes Less Care

question 30

Multiple Choice

The phenomenon in which an insured individual takes less care in preventing the event against which he or she is insured is an example of

• A)foolish behaviour.
• B)double coincidence of wants.
• C)moral hazard.
• D)adverse selection.
• E)nondiversifiable risk.

---

Definitions:

Actor-Network Theory

A framework in sociology and science and technology studies that views societal relations, including both human and nonhuman entities, as networks.

Queer Theory

An interdisciplinary perspective that challenges conventional views on gender and sexuality, focusing on the fluidity and complexity of these concepts.

Affect Theory

Explores the importance of emotions and bodily responses in the social and cultural phenomena, arguing that affect influences human behavior and social interactions.

Prosumption Theory

Prosumption Theory investigates the blurring lines between production and consumption where consumers actively participate in the creation process of goods and services they use.