A moral hazard is a risk that an insurance company has that policyholders may not be honest. There is a moral hazard in that, by offering excessive benefits, an incentive to claim could be created. A moral hazard exists when the applicant may either want an outright loss to occur or may have a tendency to be less than careful with property. The noun MORAL HAZARD has 1 sense: 1. (economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance) Familiarity information: MORAL HAZARD used as a noun is very rare. The key reason we are interested in moral hazard problems, is that the wrong contractual form can lead to ine cient e ort on the part of agents, and outcomes which aren’t Pareto e cient. 2. An individual - the principal - hires another individual - the agent - to perform a task which is determined by an unobservable action chosen by the agent. We study the design of contracts in a setting Der englische Begriff „moral hazard“ bedeutet übersetzt sittliche Gefährdung und stammt eigentlich aus der Versicherungswirtschaft. Im Grunde ist es menschlich, für sich den bestmöglichen Vorteil herauszuholen, der durchaus auch in bloßer Bequemlichkeit liegen kann. moral hazard definition: a situation in which people or organizations do not suffer from the results of their bad decisions…. Learn more. Moral Hazard bezeichnet den Anreiz eines feuerversicherten Gebäudeeigentümers, weniger Sorgfalt bei der Schadensvermeidung bzw. -begrenzung aufzuwenden als ein Hausbesitzer ohne Versicherung. Über ähnlich gelagerte Anreize von Krankenversicherten gibt eine umfangreiche Literatur Auskunft. Hier äußert sich Moral Hazard vornehmlich im Verhalten als Trittbrettfahrer bzw. im moral hazard meaning: a situation in which people or organizations do not suffer from the results of their bad decisions…. Learn more. Definition: Moral hazard is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur the cost. It arises when both the parties have incomplete information about each other. Lack of incentive to guard against risk where one is protected from its consequences, e.g. by insurance. ‘He is creating moral hazard by making investors think that investment risks are minimized simply by skimming an independent stock research report.’ Moral hazard definition, an insurance company's risk as to the insured's trustworthiness and honesty. See more.
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