Tagged: Moral Hazard

Information Asymmetry

Information asymmetry: The battle for data

One key element that affects how people behave in different situations is the information they have about the issue. But, generally speaking, people do not possess same levels of information. This difference in the...

Moral Hazard

Moral hazard was first used in the insurance industry, but can also be observed in many other situations. The term refers to the negative behavior of an individual or a group being insured. When...