The classic moral hazard problem is the problem that you give fire insurance on a house and someone burns down the house in order to collect the insurance.

有个经典的道德风险的例子就是,给一栋房子投保了火险,有人就可能会烧了这栋房子,以获得保险赔付

耶鲁公开课 - 金融市场课程节选

The classic example of moral hazard is with fire insurance.

道德风险的一个典型案例,就是火险。

耶鲁公开课 - 金融市场课程节选