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adverse selection

noun

Definitions

  1. The process by which the price and quantity of goods or services in a given market is…

    The process by which the price and quantity of goods or services in a given market is altered due to one party having information that the other party cannot have at reasonable cost.

    • It is adverse selection that leads US workers who anticipate high family medical expenditure to seek employers with superior health insurance coverage for their employees.
    • The large number of "lemons" in the used-car market is the result of adverse selection.

The neighborhood

Vish — recursive loop

No curated loop yet for adverse selection. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA