Question: Sometimes, people with a higher - than - average chance of loss will try to buy insurance at an average rate. They actually should be

Sometimes, people with a higher

-

than

-

average chance of loss will try to buy insurance at an average rate. They actually should be paying more if they are more likely to have a loss. This tendency to seek a lower rate than they should be paying is called:

Group of answer choices

Cheating the System Syndrome

Adverse Selection

Culpable Neglect

Hedging

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