Examlex
The fact that the nervous system conveys impulses by action potentials instead of electrical conduction causes which of the following?
Adverse Selection
A market mechanism where buyers and sellers have different information, leading to the selection of poorer-quality goods or higher-risk individuals than average.
Risk-averse
A description of an investor or decision-maker who prioritizes minimizing risk over achieving potentially higher gains.
Certain Payoff
A guaranteed outcome or return from an investment, where the investor has absolute certainty over the amount to be received.
Asymmetric Information
A situation in which one party in a transaction has more or superior information compared to another.
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