Concept information
Preferred term
adverse selection and moral hazard
Definition
- Adverse selection and moral hazard are informational imperfections potentially presented in any activity or transaction because of asymmetric information about involved risks. Adverse selection is a possibility that actors undertake an activity or transaction based on actors' characteristics unobservable for others (these are informed actors because they know their own characteristics). [Source: The Encyclopedia of Political Science; Adverse Selection and Moral Hazard]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/adverse_selection_and_moral_hazard
{{label}}
{{#each values }} {{! loop through ConceptPropertyValue objects }}
{{#if prefLabel }}
{{/if}}
{{/each}}
{{#if notation }}{{ notation }} {{/if}}{{ prefLabel }}
{{#ifDifferentLabelLang lang }} ({{ lang }}){{/ifDifferentLabelLang}}
{{#if vocabName }}
{{ vocabName }}
{{/if}}