What is another word for moral hazard?
Pronunciation: [mˈɒɹə͡l hˈazəd] (IPA) 
Moral hazard refers to the concept whereby an individual or organization behaves in a more risk-taking way due to the knowledge that they will be protected or bailed out from the consequences of their actions. Here are some synonyms for the phrase 'moral hazard.'
1. Risk-taking behavior - This refers to actions that are inherently risky and that could potentially have severe consequences.
2. Free-rider problem - In this situation, people or organizations take advantage of a resource or system, such as insurance or bailouts, without contributing to it.
3. Hidden action - This term describes when individuals or organizations have information on a situation or action that others do not have, and that information could impact the outcome.
4. Adverse selection - This occurs when people or organizations with a higher likelihood of negative consequences are more likely to participate in a risky activity due to the protection provided by insurance or other mechanisms.
