Asymmetric information

Results: 1016



#Item
951Sequential equilibrium / Bayesian game / Trembling hand perfect equilibrium / Subgame / Nash equilibrium / The Intuitive Criterion / Signaling game / Strategy / Extensive-form game / Game theory / Problem solving / Solution concept

6.1 Perfect Bayesian Equilibrium: Entry Deterrence II and III Asymmetric information, and, in particular, incomplete information, is enormously important in game theory. This is particularly true for dynamic games, sin

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Source URL: www.rasmusen.org

Language: English - Date: 2009-08-27 17:54:35
952Organizational theory / Principal–agent problem / Efficiency wage / Economics / Incentive / Nash equilibrium / Information / Management / Game theory / Asymmetric information / Market failure

8 Further Topics in Moral Hazard This is designed for one 75-minute lecture using Games and Information. Probably I have more material than I will end up covering. These slides just cover sections 8.1 (efficiency wage),

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Source URL: www.rasmusen.org

Language: English - Date: 2009-08-27 17:54:53
953Statistical theory / Critical thinking / Logical fallacies / Prior probability / Conformity / Bayesian inference / Confirmation bias / Statistics / Bayesian statistics / Social psychology

The Good News-Bad News Effect: Asymmetric Processing of Objective Information about Yourself By DAVID E IL AND J USTIN M. R AO∗ We study processing and acquisition of objective information regarding qualities that peop

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Source URL: www.justinmrao.com

Language: English - Date: 2011-02-25 14:34:34
954Information / Market failure / Risk / Game theory / New Keynesian economics / Principal–agent problem / Efficiency wage / Moral hazard / Incentive / Economics / Asymmetric information / Ethics

Moral hazard deserves two chapters. As we will see, adverse selection will sneak two in also, since signalling is really just an elaboration of the adverse selection model, but moral hazard is perhaps even more important

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Source URL: www.rasmusen.org

Language: English - Date: 2009-08-27 17:54:35
955Labor economics / Game theory / Asymmetric information / Microeconomics / Organizational theory / Principal–agent problem / Labour economics / Efficiency wage / Incentive / Utility / Economics / Ethics

PROBLEM SET 4 ANSWERS 9 October[removed]Problems: 7.1, 7.2, 8.4, [removed]First-Best Solutions in a Principal-Agent √ Model Suppose an agent has the utility function of U = w − e, where e can assume the levels 0 or 1.

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Source URL: www.rasmusen.org

Language: English - Date: 2009-08-27 17:54:36
956Business / Market failure / Agency law / Business law / Law / Mechanism design / Revelation principle / Principal–agent problem / Cheap talk / Game theory / Asymmetric information / Information

10.1 Mechanisms, Unravelling, Cross Checking, and the Revelation Principle This chapter looks at mechanism design. A mechanism is a set of rules that one player

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Source URL: www.rasmusen.org

Language: English - Date: 2009-08-27 17:54:35
957Business law / Private law / Asymmetric information / Real estate / Real estate broker / Principal / Law of agency / Buyer brokerage / Taxation in the United States / Business / Law / Agency law

STATEMENT OF PROPERTY DETAILS AND EXCLUSIVE BUYERS AGENCY AGREEMENT PRINCIPAL (BUYER’S NAMES) ________________________________________________________________________________ Address: _________________________________

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Source URL: www.amandaonmyside.com.au

Language: English - Date: 2012-03-20 06:05:58
958Information / Economics / The Market for Lemons / Information asymmetry / Extensive-form game / Nash equilibrium / Adverse selection / Futures contract / Agent / Asymmetric information / Game theory / Market failure

9.1 Introduction: Production Game VI In chapter 7, games of asymmetric information were divided between games with moral hazard, in which agents are identical, and games with adverse selection, in which agents

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Source URL: www.rasmusen.org

Language: English - Date: 2009-08-27 17:54:35
959Financial institutions / Investment / Financial economics / Institutional investors / Healthcare reform in the United States / Adverse selection / Insurance / Health insurance / Life insurance / Asymmetric information / Market failure / Economics

Microsoft Word - Table_A1.doc

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Source URL: www.homepages.ucl.ac.uk

Language: English - Date: 2011-09-26 07:11:00
960Asymmetric information / Microeconomics / Statistical discrimination / Signalling / Behavior / Employment / Human capital / Discrimination / Labour economics / Game theory / Ethics / Labor

statistical discrimination Abstract: Statistical discrimination is a theory of inequality between demographic groups based on stereotypes that do not arise from prejudice or racial and gender bias.When rational, informat

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Source URL: www.andreamoro.net

Language: English - Date: 2009-04-08 10:35:45
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