THE PROBLEM WITH INSURANCE: MORAL HAZARD By trying to insure against a legitimate event, the program may actually encourage individuals to fake injury.
{"Image DocumentName": "THE PROBLEM WITH INSURANCE: MORAL HAZARD", "Image ImageDescription": "By trying to insure against a legitimate event, the program may actually encourage individuals to fake injury. Nonetheless, moral hazard is an inevitable cost of insurance, either private or social. Because of optimizing behavior, we increase the incidence of bad events simply by insuring against them.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}