"Moral hazard" refers to the risks that someone or something becomes more inclined to take because they have reason to believe that an insurer will cover the costs of any damages. The concept ...

When the 2008 financial crisis pushed the global economy to the brink, governments intervened with massive taxpayer-funded bailouts for banks deemed “too big to fail.” This sparked a furious debate: ...

Cassandra Jones Havard does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...