8 Matching Annotations
  1. Sep 2020
    1. The goal of school is for students to learn. What we incentivize, however, is getting good grades.

      Example of moral hazard of gameplay.

    2. The moral hazard of gameplay is basically a mismatch between what your goals are and what you’re incentivizing.
  2. Aug 2020
  3. Jul 2020
  4. Jul 2019
    1. Thesurvival function gives,for every time,the probability of surviving(or not experiencing the event) up to that time.The hazard function gives the potential that the event will occur, per time unit, given that an individual has survived up to the specified time.
  5. Apr 2018
    1. Once the public accepts that a more expansive fiscal role for the government is necessary

      And once they decide completely to ignore the moral hazard any political process is subject to (which is to say, not bloody likely).