moral hazard
moralisches Risiko, Rationalitätsfalle
The prospect that a party insulated from risk may behave differently from the way it…The prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk.
Meaning
1 senses(uncountable, usually)The prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk.
moralisches Risiko, Rationalitätsfalle
More definitions
- (economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance)
Translations
5 languagesDeutsch
By meaning 1
prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk:
Forms
plural: moral hazards| Singular | moral hazard |
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uncountable
Word family
1 related wordsRelatedadverse selection
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable