Season 3 · Episode 34
Moral Hazard | Definition Minute
The Behavioral Economics in Marketing's Podcast
July 6, 20212m 30sbonus
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Show Notes
In this episode, we are considering "moral hazard". A moral hazard is a situation in which a party has limited responsibility for the risks or is completely protected from risk will in some way act differently than if they didn't have that protection.
Definition Minute is a new subset of the Behavioral Economics in Marketing podcast. In these mini-episodes, I will define economic theories, in a minute or two. The topics will be review, introductory or discrete in nature.