A driver knows more than his auto insurer about how cautiously he drives. This is an example of
A: a hidden action.
B: a hidden characteristic
C: adverse selection.
D: he Condorcet Paradox
A: a hidden action.
B: a hidden characteristic
C: adverse selection.
D: he Condorcet Paradox
举一反三
- 中国大学MOOC: A driver knows more than his auto insurer about how cautiously he drives. This is an example of
- He always thinks more about others than about（__）. A: he B: him C: his D: himself
- Which of the following relationships involves asymmetric information? A: An employee knows more than his employer knows about his work effort. B: A borrower knows more than the lender about his ability to repay the loan. C: The seller of a 30-year-old house knows more than the buyer about the condition of the house. D: All of the above are correct.
- He drives much ______ than he did three years ago. A: [A]more carefully B: carefully C: more careful
- The author used to believe that_____________. A: he was far more intel gent than his auto repairman B: the auto repairman was more intelligent than he was<br> C: they were equals in intelligence<br> D: they were smart in different ways