Examlex
When we do not confront a problem and are convinced it will just go away by itself, then we are using avoidance.
Diversification
A risk management strategy that involves allocating investments among various financial instruments, industries, or other categories to minimize risk.
Expected Value
A calculated average of all possible values for a random variable, weighted by their probabilities of occurrence.
Health Costs
Expenses associated with maintaining, improving, or treating an individual’s health, including medical care, medication, and hospitalization.
Moral Hazard
Moral hazard occurs when one party in an agreement can take risks because the negative consequences of their actions will be borne by another party.
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