Moral Hazard
The Green Book, Central Government Guidance On Appraisal And Evaluation, published by HM Treasure in 2022, suggests that a moral hazard: ‘…occurs when an individual changes their behaviour and takes risks because they are protected from negative consequences and someone else bears the costs.’
Glossary: Resilience, published by the Department for International Development in 2016, defines moral hazard as a situation in which: ‘…Individuals become less incentivised to alter behaviour or invest in risk reduction measures due to feeling secure’
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