Talk:Adverse selection
|
|
From Health insurance:
- Some states require that insurance companies cover all who apply at the same cost
Here adverse selection occurs without asymmetry of information. So, is asymmetry of information really key to adverse selection? CyborgTosser 21:37, 12 Jun 2004 (UTC)
Discrepancy between this and The Market for Lemons
This article describes the good cars as being dubbed "cherries", while The Market for Lemons describes them as being dubbed "jewels". I suspect one is wrong. Anyone know which? —Morven 06:19, Jul 28, 2004 (UTC)
I'm pretty sure that "cherries" is the term that Akerlof used (I don't have the article here). Other sources refer to "peaches." By the way, the adverse-selection process is also sometimes refered to as "cream skimming." Jdevine 17:11, 28 Jul 2004 (UTC)