Watch INOMICS’ concise explainer video to help you understand what asymmetric information, adverse selection and moral hazard are, how they are connected and why they matter.
Find our comprehensive written definition and further examples of asymmetric information see inomics.com/te....
Adverse selection’s full written explanation can be found at inomics.com/te....
This overview provides a basic definition alongside real world examples. In the video we cover:
00:00 Introduction
00:17 Asymmetric information explained
01:01 Adverse selection explained
01:51 Adverse selection insurance-based example
02:52 Moral hazard explained
03:05 Moral hazard insurance-based example
03:45 Potential solutions to adverse selection and moral hazard in insurance
For help, definitions and examples of more economics terms see inomics.com/terms.
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