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- give an example of an existing economic interaction that exhibits moral hazard. describe the setting and talk about efficiency considerations.Differentiate between adverse selection and moral hazard problems with one examplesExplain how adverse selection leads to market failure. Give a hypothetical example/situation.
- In the context of asymmetric information, adverse selection and moral hazard, how does marketFailure occur? (Make reference to the insurance or financial market)Adverse selection occurs because of A) spreading of risks. B) diminishing marginal utility. C) of imperfect information. D) moral hazardProvide an example of Moral Hazard from personal observation or experience.
- Distinguish between adverse selection and moral hazard as they relate to the insurance industry.What are adverse selection and moral hazard?The Australian health sector suffers from informational asymmetry problems pertaining to ‘moral hazard’ and ‘adverse selection’. Please provide a reason for why you either agree or disagree with the statement.
- Provide an overview of Derivitive investing and describe the potential risks and rewards.Explain the term adverse selection and moral hazard and show how these lead to market failureIt was felt that liability insurance would undermine the tort system, which has as its central theorem the concept that the individual responsible for injuring another should be made to pay for that injury. Do you think the existence of liability insurance causes one to be less careful than he or she might otherwise be?
