Examlex
In 2011 data on the mathematics part of the SAT Reasoning Test showed that men scored,on average,a bit higher than women.
Lottery
A form of gambling involving the drawing of numbers at random for a prize, often regulated by governments.
Adverse Selection
A situation in which one party in a transaction has more information than the other, often leading to a negative outcome for the less-informed party.
Insurance
A financial product that provides protection against losses or damages to a person or property in exchange for premium payments.
Adverse Selection
A situation in which one party in a transaction has more or better information than the other, often leading to a poor outcome for the less informed party.
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