What Happens When Sellers Know Something That Buyers Don't?

Nestran tabacoli fire is with us, so i can imagine three ways in which private information could arise. In each case, though, we'll see that when i'm worried that you know something i don't, it creates a fog of mistrust. That mistrust makes it hard for us to do business together. So first of we're going to look at what happens when sellers know something that buyers don't. And finally, sometimes your actions are hidden, and so their private information yes.