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hhhhhhhhhhh A person has bought insurance against theft and is now choosing whether to keep their lights on at night. Having the lights on reduces

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A person has bought insurance against theft and is now choosing whether to keep their lights on at night. Having the lights on reduces the probably of theft but makes it harder for the person to sleep. The insurance firm has a hard time monitoring whether they keep their lights on. This might be best described as a situation of O Uncertainty with convex preferences 0 Moral hazard O Symmetric information 0 Competitive insurance market absence 0 Adverse selection

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