This is an interesting question: do they solve the moral hazard and adverse selection problem as well as banks do?

一个有意思的问题出现了,他们可以向银行那样,处理好道德风险以及逆向选择问题吗

耶鲁公开课 - 金融市场课程节选

Non-obvious ideas were conceived of to solve these problems of long-term risks and to get around the psychological barriers imposed by framing biases and psychological biases, in order to allow people to actually manage the risk and to get around moral hazard.

解决方法需要被研究并发掘,来处理长期风险问题,避开由于框架效应,引起的心理障碍，能够使人们真正控制风险,规避道德风险。

耶鲁公开课 - 金融市场课程节选