Hi All A new episode of my #5minpodcast is now live. 🎙️📢 In "Why we must expand the moral hazard concept to our projects and initiatives," I discuss how the concept of moral hazard applies not only to the financial sector but also to our daily projects. I look at the recent problems with the North American financial system, such as the closing of the Silicon Valley Bank, which led to a debate about how much the government should be involved and the idea of "moral hazard." I then explore how the principle of asymmetric information impacts projects when one side knows much more about the level of risks incurred, and the other side may be responsible for covering the damages if the risks materialize. I use the example of a supplier being late and the challenges of incentivizing them to provide timely delivery. I hope the episode offers valuable insights into managing risk and making informed decisions. Don't miss it! 🎧 You can listen to the episode at the link below, on #spotify, #applepodcast, #soundcloud, and other podcast platforms. Have a fantastic week ahead. Ricardo Vargas #riskmanagement #moralhazard #projectmanagement #siliconvalleybank #asymmetricinformation #businessmanagement #podcast https://ricardo-vargas.com/podcasts/why-we-must-expand-the-moral-hazard-concept-to-our-projects-and-initiatives/