Adverse Selection vs. Moral Hazard

Рет қаралды 40,698

Ashley Hodgson

4 жыл бұрын

This video explains the difference between adverse selection and moral hazard, and goes through some examples.

Пікірлер: 32

@abhaymathur4213 Жыл бұрын

Brilliant clarity in contrasting the 2 concepts. Better explained than most textbooks out there. Thank you Ashley:)

@cwatbruno1 3 жыл бұрын

Extremely informative and plain language clarifications and context-based information. Well done!

@samea9584 3 жыл бұрын

Ever since i've seen that video about nash equilibria, im such a fan of your videos! Thank u for explaining everything clearly, u really are a gem on youtube!

@erickemmanuelalvarezmartin1761 2 жыл бұрын

Thank you so much, I finally understand the concepts and the examples are super clear!

@TheGryffindorer 3 жыл бұрын

Thanks Ashley, your explanation indeed helped me.

@abedsaqallah4672 4 жыл бұрын

great explanation! keep it up! you have a good method on how to demonstrate your knowledge.

@lobsterking1116 2 жыл бұрын

very detailed and understandable. I really appreciate it.

@myfinperspective7212 4 жыл бұрын

hi Ashley, thank you for the explanation. btw, do you have any url on classical work of asymmetric information topic?

@oghenefejiroagbi1469 2 жыл бұрын

The morning before my finals and you just saved me!!!!!

@maryvimbayimatunga4758 3 жыл бұрын

Thank you for this well detailed video

@ilayda9067 4 жыл бұрын

Your explanation was so clear I am glad that you have decided to start this channel, I will be following you and hope to see more are coming! I have seen that you explained Microeconomics theory, would you think of doing some videos for Macroeconomics too? Thank you and good luck!

@AshleyHodgson 4 жыл бұрын

I'm not a macroeconomist, so I wouldn't be the best person to explain that content, unfortunately. Behavioral econ, health care, micro and blockchain will keep me busy for a while.

@benpineapple2482 2 жыл бұрын

Very helpful and easy to understand. Thank you so much Miss.

@modernrush6728 3 жыл бұрын

My finals are in a few hours and im watchint this as my lectures are too long, hope i can pass 😅

@slicksweet330 Жыл бұрын

Did u end up passing lol

@elliowb2 Жыл бұрын

I like the way that you have framed the two concepts. Very helpful. The example that is used isn't quite as clear as say the case of health insurance that won't cover 'pre-existing' conditions. At least in the case of adverse selection, it's a much more clear example. Just my two cents.

@dgk2789 3 жыл бұрын

best explanation! plz keep it going

@yannil5923 3 жыл бұрын

thank you Ashley! The first part is sth as foundation but the second part of asymmetric samples really help me a lot to actually understand the difference. This is a really smart method

@konekosamvs3264 2 жыл бұрын

Thank you so much!!

@allison4038 3 жыл бұрын

omg love your example in insurance i have final tmr in health econ

@AmirAmjad-ps5iv Жыл бұрын

Thanks mam...

@e.s.8004 3 жыл бұрын

Could you provide the literature sources of your assumptions? Thank you in advance!

@AshleyHodgson 3 жыл бұрын

Many of the ways I organize information while teaching are just mental tricks I've come up with along the way while teaching. No citation. However, this particular video uses a table that is in a peer reviewed economics teaching article I wrote: www.tandfonline.com/doi/abs/10.1080/00220485.2014.889931

@watamatafoyu 5 ай бұрын

So how does moral hazard not make universal healthcare in countries infeasible?

@kevochic 3 жыл бұрын

what do you mean with bias, in this context?

@AshleyHodgson 3 жыл бұрын

Good question! By bias, I mean either (a) an externality for the people who end up pooled in the contract and/or (b) a functional problem with the contract because of either the types who select in or the behavioral incentives in the contract .

@kevochic 3 жыл бұрын

Okey, now i understand, tanke you😊