Playing the Odds—Reason in a Risky World
Lecture no. 7 from the course: Thinking like an Economist: A Guide to Rational Decision Making
Taught by Professor Randall Bartlett | 31 min | Categories: The Great Courses Plus Online Economics & Finance Courses
People can strategically use information—selectively controlling, hiding, or subsidizing it—to influence the decisions of others. Examine concepts like the informational blind date and information asymmetry and see how they can lead to consequences like adverse selection and even the 2008 financial crisis.