... information occurs when all economic agents have access to the same information
Symmetric
1 of 5
... information occurs when one or a group of economic agents have more information than other economic agents
Asymmetric
2 of 5
Imperfect ... can be caused by Misunderstanding the true costs or benefits of a product, Uncertainty about costs or benefits, Complex ..., Inaccurate or misleading ... , Addiction and Lack of Awareness
Information
3 of 5
A ... is when it is a risk that a party has not entered into contract and can have misleading information. There is an increased risk taken as a result of insurance
Moral Hazard
4 of 5
Examples of ... information include: Landlords, Mortgages, Car insurance, Students fighting for university, Doctors, Used car sellers, Insiders in trading and Stock market traders with information advantages
Asymmetric
5 of 5
Other cards in this set
Card 2
Front
... information occurs when one or a group of economic agents have more information than other economic agents
Back
Asymmetric
Card 3
Front
Imperfect ... can be caused by Misunderstanding the true costs or benefits of a product, Uncertainty about costs or benefits, Complex ..., Inaccurate or misleading ... , Addiction and Lack of Awareness
Back
Card 4
Front
A ... is when it is a risk that a party has not entered into contract and can have misleading information. There is an increased risk taken as a result of insurance
Back
Card 5
Front
Examples of ... information include: Landlords, Mortgages, Car insurance, Students fighting for university, Doctors, Used car sellers, Insiders in trading and Stock market traders with information advantages
Comments
No comments have yet been made