The Change in Behaviour That Results from the Presence of Insurance

question 34

True/False

The change in behaviour that results from the presence of insurance is referred to as moral hazard.

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Definitions:

Conditional Response

A learned response to a previously neutral stimulus that has become associated with another stimulus through conditioning.

Unconditional Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any prior learning.

Conditional Stimulus

In classical conditioning, a previously neutral stimulus that, after association with an unconditioned stimulus, comes to elicit a conditioned response.

Unconditional Response

An automatic response to a stimulus that occurs naturally without any need for learning or conditioning.