缈昏瘧缁冧範 | Jan 18 2008- Anyone cares to grind your teeth on this and face the power?
英译中：moral hazard，常见于经济学，保险业的讨论。
From Wikipedia, the free encyclopedia
Moral hazard is the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. Moral hazard arises because an individual or institution does not bear the full consequences of its actions, and therefore has a tendency to act less carefully than it otherwise would, leaving another party to bear some responsibility for the consequences of those actions. For example, an individual with insurance against automobile theft may be less vigilant about locking his car, because the negative consequences of automobile theft are (partially) borne by the insurance company.
History of term
According to research by Dembe and Boden,[6] the term dates back to the 1600s, and was widely used by English insurance companies by the late 1800s. Early usage of the term carried negative connotations, implying fraud or immoral behavior (usually on the part of an insured party). Dembe and Boden point out, however, that prominent mathematicians studying decision-making in the 1700s used "moral" to mean "subjective", which may cloud the true ethical significance in the term.[7]
The concept of moral hazard was the subject of renewed study by economists in the 1960s, and at the time did not imply immoral behavior or fraud; rather, economists use the term to describe inefficiencies that can occur when risks are displaced, rather than on the ethics or morals of the involved parties.
我查经济词典上都翻作“道德风险”，是台湾译的吧？
我觉得“道德”两个字过硬，就说“操行风险”。这里有个小故事：
http://robertreich.blogspot.com/2007/09/moral-hazard.html
下面是廖康的。
还有老瓦，废名等等，都来聊聊，这回次贷危机，这个词跳得很。