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Trait-Oriented Theories
-The major purpose of action theory is to organize the interpretation of human actions that usually represents the general intention of the individual.One can be influenced by the characteristics of others and the unique characteristics of the environment.
Adverse Selection
A situation where uneven information leads to transactions between parties where one party has more or better information than the other, often seen in insurance markets.
Occur
To happen or take place, referring to events or phenomena.
Adverse Selection
A situation in which one party in a transaction has more information than the other, often leading to an imbalance in which high-risk individuals are more likely to select and benefit from certain agreements, policies, or products.
Health Insurance
An insurance policy that covers costs related to medical and surgical treatments for the policyholder.
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