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Peer influence is stronger when
Potential Loss
A hypothetical amount of money that a business or individual could lose in the future due to risks.
Risk
The potential for losing something of value or for an undesirable outcome, often assessed in decisions involving finance, safety, and health.
Known Factors
Elements or conditions that are clearly understood or recognized in a given context or analysis.
Insurance Contract
A legal agreement between an insurance policyholder and the insurer, detailing the terms and conditions under which the insurer agrees to compensate the insured for specific losses or damages.
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