The fact that people who know they are risky drivers are more likely to buy auto insurance reflects

Name: The fact that people who know they are risky drivers are more likely to buy auto insurance reflects
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Question

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Adverse selection occurs when individuals with a higher risk of loss are more likely to purchase insurance. In this scenario, people who know they are risky drivers are more likely to buy auto insurance, indicating adverse selection.

The Fact That People Who Know They Are Risky Drivers