We have to then realize that there is a moral hazard problem.
我们还必须意识到,这里面存在着道德风险。
However, reputation mechanism can overcome the moral hazard problem to some degree.
信誉机制可以一定程度上克服上述道德风险。
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。
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。
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