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Social learning theory has evolved so far from its behaviorist roots that there is little connection between John Watson's ideas and if . . . then contingencies.
Insurance
A financial product or agreement that provides compensation for specific losses or damages in return for payments made.
High Risk
Refers to situations or investments that have a high potential for loss or failure.
Average Premium
The mean amount paid for insurance coverage across a defined set of policies, reflecting the average cost to the insured.
Expected Loss
A financial term representing the anticipated amount of loss a company may suffer, calculated as the probability of an event times the potential loss amount.
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