__________ Refers to an Exaggerated Fear of Being in Situations

question 86

Short Answer

__________ refers to an exaggerated fear of being in situations from which escape might be difficult, such as being caught in a traffic jam on a bridge or in a tunnel.

---

Definitions:

Expected Utility

A theory in economics that calculates the anticipated utility resulting from different outcomes in risky or uncertain situations.

Utility

(Of a consumer) a measure of the satisfaction derived from consumption of goods and services.

Probability

The measurement of the likelihood of a specific event or outcome occurring.

Insurance Premium

The amount of money that an individual or business must pay for an insurance policy.