Flashcards - Theories & Trends in Microeconomics

Flashcards - Theories & Trends in Microeconomics
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adverse selection
Adverse selection is a concept in economics, insurance, and risk management, which captures the idea of a "rigged" trade
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adverse selection
Adverse selection is a concept in economics, insurance, and risk management, which captures the idea of a "rigged" trade
irrational behavior
Irrationality is cognition, thinking, talking or acting without inclusion of rationality

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