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7

Playing the Odds—Reason in a Risky World

Lecture no. 7 from the course: Thinking like an Economist: A Guide to Rational Decision Making

Playing the Odds—Reason in a Risky World

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.

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April 19, 2017

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July 28, 2016

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