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Which event in the history of the universe happened last?
Moral Hazard
The situation where one party is more likely to take risks because they do not bear the full consequences of those risks.
Hidden Action
A situation in contract theory and economics where one party's action is not observed or cannot be monitored by another, potentially leading to moral hazard.
Moral Hazard
The situation in which one party engages in risky behavior knowing that it is protected against the consequences, usually due to a contract or agreement.
Criminal Actions
Activities that are punishable by law, typically involving harm to individuals or the society at large.
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