Life Hacks: Where is your personal moral hazard, asks Charles Assisi

The influential management thinker Umair Haque poses an interesting question. That is why most of us are victims to junk food that promotes obesity, horribly expensive education, financial services that nudge people into hyper-credit cycles, mainstream media that misinform and entertainment industries crafted to titillate. When those norms are flouted, you end up with what economists call a ‘moral hazard’. While systems exist to control deficits, when those norms are flouted, you end up with what economists call a “moral hazard”. The reason the billionaire exists is because he looks for those who have defined their “personal moral hazard” and he understands how to sift the ambitious from those seeking to fulfil their aspirations.