因此，这些银行或许更易做出风险投资，如同肯尼斯·阿罗(1972)和约瑟夫·施蒂格利茨(2001)提出的道德风险的这个概念。
As a consequence, these Banks may be more likely to make risky investments, a concept described by Kenneth Arrow (1972) and Joseph Stiglitz (2001) as moral hazard.
他曾经与前诺贝尔奖获得者肯尼斯·阿罗长久共事，也是是另一位诺贝尔奖获得者丹尼尔·麦克法登的研究生导师。
He worked long ago with one previous winner, Kenneth Arrow, and was the graduate adviser to another, Daniel McFadden.
经济学家最初开始理解这种“道德风险”现象是肯尼斯·阿罗在1963年论述它的时候。
Economists first cottoned on to this phenomenon of "moral hazard" when Kenneth Arrow wrote about it in 1963.
20世纪50年代早期，美国经济学家肯尼斯。阿罗和2004年过世的法国数学家罗拉尔。德布鲁在此得到突破。
The breakthrough was made in the early 1950s by Kenneth Arrow, an American economist, and Gérard Debreu, a French mathematician who died in 2004.
肯尼斯·约瑟夫·阿罗纪念论文集，第3卷，不确定性、信息与交流。
Essays in honor of kenneth j. Arrow: volume 3, uncertainty, information, and communication.
肯尼斯·约瑟夫·阿罗纪念论文集，第3卷，不确定性、信息与交流。
Essays in honor of kenneth j. Arrow: volume 3, uncertainty, information, and communication.
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