The other term imported from insurance talk, adverse selection, has the most negative implicaions. The idea is that the people who buy insurance are the people who are most likely to need it. So insurance companies need to protect themselves, selling their "product" only to people who do not need it; e.g., don't give people who are health risks health insurance.
-- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
