&gt; No, I&#x27;m afraid you don&#x27;t got it. Try reading the entire essay, perhaps, and not just the snippet? Even just the snippet I quoted is contrary in meaning to the phrasing you just used.<p>You&#x27;re rather missing the point. As you say, the phenomenon described in the essay is more specific than &quot;a hazard limited only by someone&#x27;s morals&quot;. That means the phrase &quot;moral hazard&quot; is too vague to describe said phenomenon.