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Patsy conducted an experiment that included two groups of jr. high girls. One group received no training while the other received a 3-hour intervention about the benefits of careers in math and science domains. Patsy compared the willingness of girls to enroll in subsequent math courses as her outcome measure. Her t test analysis indicated no differences between her treatment group and the no-exposure control.
-In Patsy's study, willingness to enroll in future math and science courses is the
Moral Hazard
A situation where one party engages in risky behavior or lacks incentive to guard against risk because another party bears the consequences of that behavior.
Risk Efficiently
The optimal management of risk to maximize returns relative to the level of risk taken.
Flood Insurance
A type of insurance policy that covers property loss and damage due to flooding, often required in high-risk flood areas.
Flood Plains
Flat areas adjacent to rivers and streams that are subject to periodic flooding, often characterized by fertile soil.
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