Agree? 😂ðŸ˜
Simran Rana
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You pay for other people ?
Imagine you are giving a party to 10 close ones.
All these 10 people start drinking more because you are paying 😂
Not only did they drink more but also engaged in risky activities like driving back home.
This is called moral hazard. Moral hazard refers to a situation where one party takes additional risks because they do not bear the full cost of those risks, and this behavior negatively affects the other party.
In this case, people drank excessively and engaged in risky activities like driving because they didn’t bear the full cost of those risks. The fact that drinks were on you also reduced their incentive to moderate their drinking and instead negatively affected both.
Imagine you are giving a party to 10 close ones.
All these 10 people start drinking more because you are paying 😂
Not only did they drink more but also engaged in risky activities like driving back home.
This is called moral hazard. Moral hazard refers to a situation where one party takes additional risks because they do not bear the full cost of those risks, and this behavior negatively affects the other party.
In this case, people drank excessively and engaged in risky activities like driving because they didn’t bear the full cost of those risks. The fact that drinks were on you also reduced their incentive to moderate their drinking and instead negatively affected both.
