On Mon, Apr 2, 2012 at 1:55 PM, Axil Axil <janap...@gmail.com> wrote:
Without moral hazard, there is no way for a party to be motivated to > change his behavior, improve his design, or pay for any damage caused. > I think you have moral hazard exactly backwards. Moral hazard is a bad thing -- it's what happens when people are not held to account for the money they spend. Eric
