George Akerlof, a Nobel Prize-winning economist, analyzed the theory of adverse selection – which occurs when an offer conveys negative information about ...
About Channel:
At Marginal Revolution University, we believe that economics has the power to change the way you ...
Information and Incentives
by
Marginal Revolution University
on
Youtube
Duration:
0.16 hours
What does an increase in the price of oil tell us? What does it signal? And how do we adjust to that signal? The price of oil gives users of oil an incentive to ...
About Channel:
At Marginal Revolution University, we believe that economics has the power to change the way you ...
Asymmetric Information and Health Insurance
by
Marginal Revolution University
on
Youtube
Duration:
0.13 hours
In this video, we discuss asymmetric information, adverse selection, and propitious selection in relation to the market for health insurance. Health insurance ...
About Channel:
At Marginal Revolution University, we believe that economics has the power to change the way you ...
Y1/IB 17) Merit/De-Merit Goods and Information Failure
by
EconplusDal
on
Youtube
Duration:
0.08 hours
AS/IB 17) Merit/De-Merit Goods and Information Failure - An understanding behind why merit and de-merit goods cause market with a major link to information ...
About Channel:
When I was studying Economics at A Level and at University, I often wondered why, given the curre...
Information Provision - Advertising - Education to Solve Market Failure
by
EconplusDal
on
Youtube
Duration:
0.09 hours
Information Provision - Advertising - Education to Solve Market Failure - How to draw diagrams to show Information Provision - Advertising - Education to Solve ...
About Channel:
When I was studying Economics at A Level and at University, I often wondered why, given the curre...
Imperfect Information and Decision Making
by
EconplusDal
on
Youtube
Duration:
0.1 hours
Imperfect Information and Decision Making - A video covering Imperfect Information and Decision Making including information failure, asymmetric information ...