Siteadmin, Bureaucrats, Check users, nsAm_Govt_101RO, nsAm_Govt_101RW, nsAm_Govt_101_ta, nsJudgesRO, nsJudgesRW, nsJudges_talkRO, nsJudges_talkRW, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, oversight, Administrators
125,789
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: − +
copy edit
In [[economics]], the term '''moral hazard''' refers to the observable fact that people will act differently if the risk of their actions has been moved to another participant.
In [[economics]], the term '''moral hazard''' refers to the observable fact that people will act differently if the risk of their actions has been shifted onto someone else.
==The costs of good luck and bad luck==
==The costs of good luck and bad luck==