Moral hazard occurs when a risk management institution incentivizes you to do bad behavior-- to show bad behavior.

道德风险产生于,风险管理机构怂恿人们,采用有悖于道德与人性手段。

耶鲁公开课 - 金融市场课程节选

When people get into real trouble in their lives, it's because of a sequence of bad events that push them into unfortunate positions and, very often, financial risk management is part of the thing that prevents that from happening.

人们总会在生活中遇到麻烦，一系列糟糕的事情,会将人们推向不幸的处境,而多数情况下，金融风险管理,可以防止这种情况发生。

耶鲁公开课 - 金融市场课程节选