2min chapter

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas cover image

232 | Amy Finkelstein on Adverse Selection and Hidden Information

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

CHAPTER

The Global Problem of Selection in the United States

selection is a global problem that's a function of markets and not only insurance markets although it's one of the biggest examples. Even when you look at what college people are going to and what their major is people still have private information about how much they're going to make after college. The way the United States has tried to deal with this problem is unique, we have come to conclude uniquely.

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