When they invented fire insurance, in the 1600s, there was a lot of skepticism because anyone can burn down their house.

十七世纪时，人们发明了火险，当时存在很多质疑,因为任何人都可以烧毁他们的房子。

耶鲁公开课 - 金融市场课程节选

The classic moral hazard problem is the problem that you give fire insurance on a house and someone burns down the house in order to collect the insurance.

有个经典的道德风险的例子就是,给一栋房子投保了火险,有人就可能会烧了这栋房子,以获得保险赔付

耶鲁公开课 - 金融市场课程节选

You can sign up with the Salem Fire Corporation, pay a yearly subscription fee, and if your house catches on fire, they will come and put out the fire.

你可以和塞伦消防公司签约，每年支付会员费，如果你的房子着火，他们会来灭火。

耶鲁公开课 - 公正课程节选