Economics of Information
100
What is adverse selection?
When sellers have more information than buyers or vice versa.
200
Why is a man more likely to be hired for a job at a company rather than a woman?
The woman may require a paid maternity leave.
300
What is statistical discrimination?
When an individual makes an inference that is defensible by statistics but is likely to be wrong and is discriminating against a certain group.
400
Why are people desperately in need of healthy insurance denied it?
Because they are more likely to undergo expensive procedures, costing the insurance company more money.
500
What was the hope scholarship?
Students could borrow money for college and repay loans after graduation with a percent of their income rather than a fixed cost.
M
e
n
u