Moral Hazard: Whom Do You Trust?

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Moral Hazard: Whom Do You Trust?

2015
30 mins

Examine another outcome of asymmetric information: the moral hazard problem. This peril arose spectacularly in the 2008 financial crisis, with the widespread sale of bad loans to unwitting investors. But it also lurks in many...

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Connel Fullenkamp Ph.D.
Supplier
The Great Courses