BabelNet

bn:00055849n

Noun Concept

Categories: Insurance, All Wikipedia articles written in American English, United States housing bubble, Ethically disputed business practices, Market failure

moral hazard moral hazards

(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance) WordNet 3.0

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(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance) WordNet 3.0 & Open English WordNet

In economics, a moral hazard is a situation where an economic actor has an incentive to increase its exposure to risk because it does not bear the full costs of that risk. Wikipedia

In economics, situation creating an incentive to take more risk when another party will bear the costs Wikidata

Insurance companies are exposed to a moral hazard if the insured party is not honest WordNet 3.0 & Open English WordNet

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