Examlex
Compare and contrast interrogation during a stop based on reasonable suspicion and one after arrest.
Unobservable Characteristics
Traits or factors not immediately apparent or measurable that can influence outcomes or decisions.
Unobservable Actions
Actions taken by individuals or entities that cannot be directly observed or monitored, often leading to issues of information asymmetry.
Moral Hazard
A situation in insurance and economics where one party is more likely to take risks because they do not bear the full consequences of their actions, often due to asymmetric information.
Transaction
An exchange or transfer of goods, services, or funds between two or more parties.
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