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Rob's 1010 Notes

🔎 Fastest car in the world

Top Gear - Fastest Car In The World (Rental)

Thumbnail of Jeremy Clarkson standing outdoors with grassy hills behind him, from a Top Gear episode about the fastest rental car in the world.

“FASTEST CAR IN THE WORLD” vs Yacht | New Zealand Race | Top Gear

A high-speed racing catamaran sailing yacht with the number 5 and Oracle Team USA markings, cutting through open sea water. From the Top Gear New Zealand race where a rental car competes against the yacht.

This highlights the moral hazard in both the rental contract and in the insurance contract. Regarding the insurance contract, he got six loss damage waivers because he knew that he was going to crash the car. With the multiple insurance contracts (surely, a joke), it was even more lucrative to harm the car.

This illustrates how Moral hazard = business relationship causes “bad behavior”