An easy to understand discussion...
"Simply put, moral hazard is the idea that insurance in any form makes people riskier. If I have health insurance, I'm more likely to skydive. If I have fire insurance, I'm more likely to burn sandalwood candles in my bedroom."
What si Moral Hazard?
by Martha White
http://www.thebigmoney.com/articles/moral-hazard/2008/09/19/what-moral-hazard
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