Moral hazard/Definition: Difference between revisions
Jump to navigation
Jump to search
imported>Alexander Wiebel m (Template:Def Moral hazard moved to Moral hazard/Definition: Moving_definition) |
imported>Alexander Wiebel (<noinclude>{{Subpages}}</noinclude>) |
||
| Line 1: | Line 1: | ||
<noinclude>{{Subpages}}</noinclude> | |||
Motivation to take an otherwise unwarranted risk because the cost of an unfavourable outcome would be borne by someone other than the risk-taker. | Motivation to take an otherwise unwarranted risk because the cost of an unfavourable outcome would be borne by someone other than the risk-taker. | ||
Latest revision as of 06:26, 23 May 2008
Motivation to take an otherwise unwarranted risk because the cost of an unfavourable outcome would be borne by someone other than the risk-taker.