In other words, lower the amount insured below the actual value of the house to prevent moral hazard.

换句话说，将房屋的保险价值低估于其实际价值,以此来防范道德风险。

耶鲁公开课 - 金融市场课程节选

Um, she said that the minority is valued less.

她说少数人的价值被低估了。

耶鲁公开课 - 公正课程节选