Moral Dimensions of Moral Hazards

Utilitas 26 (1):34-50 (2014)
Download Edit this record How to cite View on PhilPapers
Abstract
‘Moral hazard’ is an economic term which commonly refers to situations in which people have a tendency to increase their exposure to risk when the costs of their actions, should they get unlucky, befall someone else. Once insured, for example, a person might have little reason, financially speaking, to be careful if he will get fully reimbursed for his losses should things go wrong, especially if he does not risk an increase in his insurance premium fees. In this article, I argue that moral hazards are not morally neutral. To this end, I distinguish between concepts that call for a moral value judgement but do not have a fixed moral value and those that call for a moral value judgement and also have a fixed moral value. In short, this article examines questions that lie at the intersection of ethics and economics
Categories
(categorize this paper)
Reprint years
2013, 2014
ISBN(s)
PhilPapers/Archive ID
BRAMDO
Upload history
Archival date: 2015-07-02
View other versions
Added to PP index
2013-12-01

Total views
372 ( #12,592 of 52,686 )

Recent downloads (6 months)
23 ( #27,043 of 52,686 )

How can I increase my downloads?

Downloads since first upload
This graph includes both downloads from PhilArchive and clicks on external links on PhilPapers.