988,322,463 visitors served.
988,322,463 visitors served. |
|
 Dictionary/ thesaurus |  Medical dictionary |  Legal dictionary |  Financial dictionary |  Acronyms |  Idioms |  Encyclopedia |  Wikipedia encyclopedia | ? |
Adverse Selection |
Also found in: Medical, Wikipedia | 0.09 sec. |
|
Adverse Selection 1. The tendency of those in dangerous jobs or high risk lifestyles to get life insurance.
2. A situation where sellers have information that buyers don't (or vice versa) about some aspect of product quality. Notes: 1. In order to fight adverse selection, insurance companies try to reduce exposure to large claims by limiting coverage or raising premiums.Adverse selection Refers to a situation in which sellers have relevant information that buyers lack (or vice versa) about some aspect of product quality. |
|
? Mentioned in | ? References in periodicals archive | |
|---|---|---|
The premier
issue includes articles on: possible adverse selection due to greater
Medicare HMO enrollment; a game theoretical model of drug launch in
India; the trade in human organs; cross-national comparisons of human
resources for health; and, setting health care priorities. The employee, of course,
would like to be hired, and so has an incentive to appear more
diligent during the interview than he really is; this fact
complicates the employer's efforts to pick the sort of employee
who will want to work hard, a phenomenon referred to as the
adverse selection problem. ``We believe adverse selection is a significantly greater risk in
the current environment of intensifying price competition than it was
two-to-three years ago when Aetna put through higher rate increases to
restore profitability. |
 |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content NEW! | Linking | Lookup box | Double-click lookup | Partner with us |
|
|---|
Disclaimer |
Privacy policy |
Feedback | Copyright © 2008 Farlex, Inc.
Printer friendly
Cite / link
Email
Feedback
Add definition
Adverse Selection
