Discover Top Posts Tagged with #adverse selection

👗 + willa!!

-moodboard for the style of your character

She has two main ones. Her everyday workplace look is VERY Blair Waldorf and inspired by the time she spent in prep school.

The second one is her Canary/casual look which is very similar to Sara’s look.

Moodboard asks!

#willa lance #adverse selection

👮‍♂️ + whoever you want!

-moodboard for their job

I chose Willa cause making her a journalist was one of the best things I did!

Moodboard Asks!

#willa lance #adverse selection

''...rampant and persistent asymmetric information in a market can lead to its collapse. Consider a used car market where the sellers know the quality of their cars, but the buyers cannot distinguish between lemons (bad cars) and peaches (good cars). In such a market, buyers will want to pay only an average-quality price for the cars on the market, since they can’t tell the difference between peaches and lemons. Sellers who know their cars are peaches, however, will not want to sell them in this market because they know their cars are worth more than the average price. As they pull their peaches out of the market, the average quality drops and, in turn, the price of the used cars left in the market keeps dropping. The sellers of lemons freeride on the market until it collapses into just a market of lemons. Adverse selection was an early concern with the state health insurance exchanges as part of the Affordable Care Act (ACA) in the United States. Extending the metaphor, the lemons are sick people applying to the exchanges, and the peaches are healthy people applying. There was an individual mandate requiring health insurance, but the penalties for not complying were low, so the concern was that many healthy people would just opt to pay the fine rather than participate. Sick people, who need the insurance, would therefore make up more of the applicants, causing premiums to rise so that health insurers could cover their costs to care for them. This would, in turn, eject from the market more healthy participants not willing to pay these higher premiums, further raising prices. This situation is still unfolding, with those invested in the success of the ACA trying to ensure that it doesn’t spiral out of control.''

-Gabriel Weinberg and Lauren McCann, Super Thinking

#Gabriel Weinberg #Lauren McCann #Super Thinking #asymmetric information #adverse selection

In our final Summer School class, we read the fine print on a single insurance policy and find all the earthquakes, lava and killer bowling balls inside. Can economics protect us? https://t.co/qpq6fNR6vr pic.twitter.com/pqGp7loCTF

— NPR's Planet Money (@planetmoney) August 27, 2020

When you buy insurance, the company sends you a long, detailed, almost incomprehensible description of your policy on thin paper. In very small print.

It's rare for anyone to read it from start to finish...and unheard of for a podcast to read it out loud. But today, we go there. In this episode of Summer School, we take Jacob Goldstein's home insurance policy and delve into each sub-paragraph and bullet point. And we find something surprising: the history of risk, disaster and bad behavior.

Our economists-in-residence will use this story to teach us how to think about risk on a spectrum that moves between the probability of a bad thing happening and how costly it would be. Insurance is a good solution, but it also contains some big pitfalls. How do you make sure that the right people buy the insurance? And how do you make sure that insurance won't make people behave in riskier ways? How do you figure out when insurance is worth it for you?

At the end of the episode, we give you a pep-talk for the Summer School Final Exam: eight short but fiendishly clever questions to make sure you've been listening closely. If you pass (and we have faith you will), you'll get to download a diploma-like image, suitable for framing. It might need a very small frame, though.

Concepts:

Correlated risk

Moral hazard

Adverse selection

#insurance #Adverse selection #Moral hazard #Correlated risk #@planetmoney #economics #risk

How do Willa & Felicity get along?

AMAZINGLY.

I hate the whole “we hate each other because we’re interested in the same guy trope” and I figured Willa and Felicity would be best friends when they actually met (kind of similar to Sara and Felicity)

Willa brings out the extrovert in Felicity and Felicity helps Willa reflect on her decisions and her life in general.

They’re so close in fact, that Willa is often mistaken for Felicity’s sister instead of a Lance haha. She’s also the only person Felicity tells about her pregnancy instead of someone finding out.

In conclusion, “women hating each other because they like the same guy” is a trope that should die and please give me my Felicity/Willa/Oliver OT3 road trip.

Ask me about my OCs!

#ash tag #willa lance #arrowverseocs #dyn: willicity #adverse selection

ANALISIS KONFLIK (AN ANALYSIS OF CONFLICT)

Erwin Ekawijaya; Angelina Priscillia Laurens; Reina Rahayu Santoso; Rilla Amini; Vania Amanda Lirungan: & Daniel Sugama Stephanus

Program Studi Akuntansi – Fakultas Ekonomi Dan Bisnis – Universitas Ma Chung – Kabupaten Malang – 2012

PENDAHULUAN

Tujuan utama didirikannya suatu perusahaan adalah untuk mendapatkan laba atau pengembalian yang tinggi,…

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#Adverse Selection #Agency Conflict #Agency Theory #Analisis Konflik #Game Theory #Good Governance #Moral Hazard #Prisoners Dilema

Moral Hazard Training

Training Moral Hazard

OVERVIEW

Fraud adalah kecurangan sistematis terhadap system perusahaan. Pertanyaan menarik yang mengikutinya adalah; mengapa ada karyawan yang kendati jabatannya tinggi, kekuasaannya besar dengan sistem yang longgar dan memiliki peluang besar untuk memanipulasi alat-alat kerja – namun tidak melakukan fraud?. Jawabnya ada pada satu kata : moral hazard (bahaya moral). Unsur…