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Tag Archives: Response

Moral Hazard and Common Decency: Response to the film Inside Job

[ad_1] In 13 Bankers (2010), Simon Johnson defines moral hazard as “the temptation for bank executives (and shareholders) to take risky gambles, knowing that they would benefit from success but that taxpayers would bear the losses in cases of failure” (p. 177). With moral hazard self-interest may overcome responsibility for caution to avoid calamity. In any business endeavor in which  ...

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