You have to exclude those causes that generate moral hazard problems for the insurance to work; otherwise, the whole system will fail.

你得将一些,有可能会产生道德风险的情况,排除在外;,否则，整个保险系统就失效了。

耶鲁公开课 - 金融市场课程节选

You have to exclude those causes that generate moral hazard problems for the insurance to work; otherwise, the whole system will fail.

你得将一些,有可能会产生道德风险的情况,排除在外;,否则，整个保险系统就失效了。

耶鲁公开课 - 金融市场课程节选