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。

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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。

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Kenneth Arrow: This is a problem.

阿罗：这的确是一个问题。

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When Kenneth Arrow (1972) taught my Economics 10 section at Harvard, he struck me as exceptionally intelligent.

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In these situations, a second theory, offered by Kenneth Arrow and Edmund Phelps in the early 1970s, is more useful.

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James Tobin was a member, Robert Solow was a staff economist, and consultant economists included Kenneth Arrow and Paul Samuelson.

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