Examlex
Which of the following terms do psychologists use to refer to activities people engage in for no reward except the pleasure of the activity itself?
Moral Hazard
A situation in economics where one party is willing to take risks because the negative consequences of those risks will be borne by another party.
Fire Insurance
A type of property insurance that covers damage and losses caused by fire.
Precautions
Actions taken in advance to prevent harm or secure good outcomes.
Moral Hazard
The situation where the behavior of one party changes to the detriment of another after a transaction has occurred.
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