Tag Archives: banks
“What is a Moral Hazard? To economists, it is a state that exists when people tend to take more risks knowing that someone else will bear the costs.” [The Invisible Hand: Episode Five – Moral Hazard] Couldn’t one say that this is the crux of what is wrong with our fetishism with unbridled capitalism? We […]
Dan Ariely provides an example of bank doing the right thing.