Examlex
Which of the following was a major problem with subprime mortgages?
Objective Probabilities
Quantifiable likelihood or chance of an event occurring, based on statistical and empirical evidence rather than subjective judgment.
Probabilities
A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 1 indicates certainty.
Certainty
The state of being sure or confident about something, often referencing situations in decision-making where outcomes are known.
Uncertainty
The state of being unsure about the future or about the outcome of specific processes or events.
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