Ask a Nobel Laureate: Can Everyone Benefit from Universal Mandate?

In this lecture, Professor Perrson tackles the problem of asymmetric information. We will see two Nobel-winning models, and discuss ways to detect adverse selection. This lecture has 55 slides, and I will condense it into a 7 min read for you.

Introduction

Imagine you’re running an insurance company. How would you turn a profit?

As in any other business, you have to price…

Vivian Zheng

Stanford Economics PhD

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