Economists first cottoned on to this phenomenon of "moral hazard" when Kenneth Arrow wrote about it in 1963.
经济学家最初开始理解这种“道德风险”现象是肯尼斯·阿罗在1963年论述它的时候。
He worked long ago with one previous winner, Kenneth Arrow, and was the graduate adviser to another, Daniel McFadden.
他曾经与前诺贝尔奖获得者肯尼斯·阿罗长久共事,也是是另一位诺贝尔奖获得者丹尼尔·麦克法登的研究生导师。
Kenneth Arrow: Well, there are two ideas.
阿罗:这里面有两种想法。
Kenneth Arrow: Well, there are two ideas.
阿罗:这里面有两种想法。
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