Moral hazard/Definition: Difference between revisions
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imported>Nick Gardner (New page: Motivation to take an otherwise unwarranted risk because the cost of an unfavourable outcome would be borne by someone other than the risk-taker.) |
imported>Alexander Wiebel (<noinclude>{{Subpages}}</noinclude>) |
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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.