Examlex
__________ errors are the pressures to make unethical choices
Hidden Characteristics
Traits or features of a product or service that are not immediately observable to the buyer, potentially leading to information asymmetry.
Psychology
The scientific study of the mind and behaviors, encompassing a wide range of topics from cognitive processes to social interactions.
Economic Behavior
The study of how individuals, households, and organizations make choices to allocate scarce resources.
Moral Hazard
Moral hazard refers to a situation where one party is more likely to take risks because they do not have to bear the full consequences of their actions.
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