Paywall: the Movie – clip:
5’20” – Stuart Shieber, Prof. Computer Science, Harvard University: problem is consumers are not exposed to cost considerations and are therefore price insensitive, illustrating the economic principle of “moral hazard”.
Paywall: the Movie – clip:
5’20” – Stuart Shieber, Prof. Computer Science, Harvard University: problem is consumers are not exposed to cost considerations and are therefore price insensitive, illustrating the economic principle of “moral hazard”.