According to the Theory of Propitious Selection

question 63

Multiple Choice

According to the theory of propitious selection:

• A)risk-neutral people are more likely to opt for insurance coverage.
• B)risk-averse people are more likely to opt for insurance coverage.
• C)high-risk people submit large claims for insurance coverage.
• D)high-risk people submit smaller claims for insurance coverage.

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Definitions:

Persuasive Communicator

An individual who possesses the skill to influence others' attitudes, beliefs, or behaviors through effective communication.

Expertise

Expertise is the high level of skill, knowledge, or ability in a particular field or activity, gained through experience or education.

Halo Effect

The tendency to perceive someone positively across various attributes based on one favorable trait.

Health Risks

Potential factors or behaviors that increase the likelihood of developing a disease or sustaining an injury.