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Adverse selection models with private values can also be further categorized by distinguishing between models with one-sided private information and two-sided private information. The most prominent result in the latter case is the Myerson-Satterthwaite theorem . [ 27 ]
Screening techniques are employed within the labour market during the hiring and recruitment stage of a job application process. In brief, the hiring party (agent with less information) attempts to reveal more about the characteristics of potential job candidates (agents with more information) so as to make the most optimal choice in recruiting a worker for the role.
Death spiral is a condition where the structure of insurance plans leads to premiums rapidly increasing as a result of changes in the covered population. It is the result of adverse selection in insurance policies in which lower risk policy holders choose to change policies or be uninsured.
2 Currently the first sentence describes asymmetric information; not adverse selection.
3 Definition of adverse selection is overly broad: it does not include moral hazard. 1 comment. 4 "(Whatever)" 1 comment. 5 Smoker / non-smoker example. 1 comment. 6 ...
In life insurance, adverse selection describes the occurrence of individuals with a high-risk profession, hobby or health condition applying for life insurance more often than low-risk individuals ...
Information asymmetry within the market relates to the seller having more information about the quality of the car as opposed to the buyer, creating adverse selection. [1] Adverse selection is a phenomenon where sellers are not willing to sell high quality goods at the lower prices buyers are willing to pay, with the result that buyers get ...
Selection (linguistics), the ability of predicates to determine the semantic content of their arguments Selection in schools , the admission of students on the basis of selective criteria Selection effect , a distortion of data arising from the way that the data are collected