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

The problems are complex because we're trying to make a system in which people are able to make their own decisions as much as possible and to make them in a way that--in an environment that they trust.

问题总是复杂的,我们试图创造一个,人人都可在其中,尽情决策的系统,创建一个,人人彼此信任的环境

耶鲁公开课 - 金融市场课程节选