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。

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Expected value is good and variance is bad because that's risk; that's uncertainty.

期望值越高越好,方差就相反,因为方差代表着风险,也就是不确定性

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There are some very poor areas in Africa where farmers really run the risk-- if their crop fails it could be really bad; they would be approaching starvation.

在非洲有一些非常贫困的地区,那里的农民真的面临着巨大的风险,一旦庄稼歉收 他们的处境将变得很糟糕,他们将经历饥荒

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They have to contend with something called moral hazard, which is the risk that people will be affected by the fact that they're insured and do something bad.

保险公司必须应对道德风险的问题,也就是说,有些人可能会因为购买了保险,而动了歪念来骗取保费

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An individual has risk of certain bad things happening.

一个人有可能发生意外。

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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。

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