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How were water depths and seafloor bathymetry (submarine topography) determined by the Challenger surveys?
Moral Hazard
The risk that one party to a contract can change their behavior to the detriment of another party, knowing that they won't have to bear the full consequences of their actions.
Piece-rate Garment Worker
A worker in the garment industry who is paid for each piece produced, rather than receiving an hourly wage.
Hourly Salesman
A salesperson who is compensated based on the number of hours worked, rather than commission on sales made.
Moral Hazard
A situation where one party is inclined to take risks because the negative consequences of the risk will be borne by another party.
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