Asymmetric Information and Used Cars
2:40
YouTubeMarginal Revolution University
Asymmetric Information and Used Cars
George Akerlof, a Nobel Prize-winning economist, analyzed the theory of adverse selection – which occurs when an offer conveys negative information about what is being offered. In the market for used cars, Akerlof posited that sellers have more information about the car’s quality than buyers. He argued that this leads to the death spiral of ...
369.8K viewsJan 8, 2015
Information asymmetry Definition
'Wrong, wrong, and wrong:' CNN fact checks Trump's job report claims
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'Wrong, wrong, and wrong:' CNN fact checks Trump's job report claims
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‘the best of those are those who worry about the impact of their words on others’ think about it, a single word can heavily influence those around you and alter the scale of your deeds, so please, weigh your words carefully. #islamic_video #muslim #islam #fyp
0:12
‘the best of those are those who worry about the impact of their words on others’ think about it, a single word can heavily influence those around you and alter the scale of your deeds, so please, weigh your words carefully. #islamic_video #muslim #islam #fyp
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