So, I had questions about how we should respond, including the moral hazard risk of encouraging ever growing numbers of children to attempt the perilous journey if we said all were welcome.
But at the same time, we don't want the whole global economy to collapse, so that's the argument in favor of taking the moral hazard risk and just bailing them out.
Answers to these questions will contribute to a better assessment of the earthquake hazard and risk in a region where more than 50 million people are at risk from future earthquakes and associated landslides and outburst floods.
In Pakistan, for example, the International Centre for Water Hazard and Risk Management (ICHARM), created under the auspices of UNESCO, and the Japan Aerospace Exploration Agency (JAXA) designed the Integrated Flood Analysis System (IFAS), a risk-prevention system using data obtained via satellite.
They appear to have concluded that it is better to court moral hazard than to risk setting off another round of instability.
Each can be a hazard, but the risk depends on how we use them.
FORBES: Regulators' Anti-Chemical Smear Campaigns Will Breed An Unsafe World
The program calls on companies to eliminate certain chemicals from their products voluntarily, largely based on hazard rather than actual risk.
FORBES: Regulators' Anti-Chemical Smear Campaigns Will Breed An Unsafe World
Financial support without conditions attached would increase the risk of moral hazard.
CNN: This monetary body would limit Crisis spillover effects
While nobody wants to see a family locked out of their house due to foreclosure, we run the risk of moral hazard if we continue to reward irresponsible behavior.
FORBES: Fanning The Flames Of Moral Hazard With Foreclosure Moratorium
Greater fiscal integration requires the upfront and ongoing commitment of voters and officials across member countries and increases the risk of moral hazard like free riding and breaking of covenants in the future, especially from member states that would be required to execute tough reforms.
And fine calculations about moral hazard are less pressing when investors are fleeing risk.
The theory behind Glass-Steagall (and GS-lite measures like the Volcker Rule and the swaps pushout provision of Dodd-Frank) is that banks with insured deposits are subject to moral hazard, and will take on too much risk.
FORBES: Vickers, Bank Ring Fencing, Glass Steagall, They're Not the Answer
The workshop aims to provide attendees from Nepal, Pakistan, India, Bangladesh and China with some of the modern tools and techniques needed to estimate seismic hazard, and to turn these into estimates of seismic risk.
But if the hazard information provided as input is inadequate, estimates of risk will be inaccurate, " said workshop director Abdelkrim Aoudia of ICTP's Earth System Physics section, adding, "Therefore, this workshop will focus specifically on issues that can lead to erroneous estimates of seismic hazard.
Smoke from cooking "may have been an occupational hazard before the modern kitchen, " he said, putting those women at risk.
The key insight here is that systemic collapse brings about its own form of moral hazard as the safe thing to do is not to try to find smart ways of accessing risk, but to make sure that when the crisis comes your bank fails in the typical way.
The Environmental Protection Agency calls radon "extremely toxic, " and the Harvard Center for Risk Analysis in 1998 listed it as the most frequent cause of premature death from a hazard in the home.
Future premiums will reflect risk (tied both to specific location and expected climate change) so individuals are aware of the hazard they face.
应用推荐