Moral hazard news and latest updates
News tagged with moral hazard
The rise of digital ride-hailing company Uber and its clashes with traditional taxi services is often cited as one of the classic stories of digital disruption, but is the platform also helping keep passengers from getting ...
Hurricanes, flood insurance and the dangers of 'business as usual'
In the wake of the devastation caused by Hurricane Harvey and Hurricane Irma, it was reported that up to 80% of home damages were not insured. Insurance schemes are widely advocated as a means of facilitating recovery from ...
Taxi rides on business trips are more expensive than on private trips
Who has never experienced this situation: Arriving in another city, you are completely dependent on taxi drivers, who know their way around, to take you where you want to go. However, sometimes you may suspect that you are ...
(Phys.org) —Government efforts to make it easier to save for college have unintended consequences, according to a Cornell economist. When you get a tax deduction for contributing to a college savings plan, your savings ...
New insight: Consumers avoid high-deductible plans if they expect to reduce their use of medical care
Economists often talk about "moral hazard," the idea that people's behavior changes in the presence of insurance. In finance, for instance, investors may take more risks if they know they will be bailed out, the subject of ...
Researcher considers the role of morality in modern economic theory
The worldwide financial crisis in 2008, which led to what many in the United States now call the "Great Recession," has caused researchers to rethink traditional economic theories of financial markets and the corporate world. ...