We have to then realize that there is a moral hazard problem.
我们还必须意识到,这里面存在着道德风险。
So what the paper wants to study is the moral hazard problem of the agent and insurance company.
因此本文要研究的是保险代理人与保险公司的道德风险问题。
It does create moral hazard problems-- that's a problem with it, but that's something that we're learning about.
这会引发道德风险问题-,这是弊端所在,但这也正是我们要学习研究的。
These are efforts to solve the moral hazard problem and to manage risks.
这些都是为了解决道德风险问题,和进行风险管理。
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
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