Understanding Asymmetric Information, Adverse Selection & Moral Hazard in Economics 📊

Watch INOMICS’ concise explainer video to help you understand what asymmetric information, adverse selection and moral hazard are, how they are connected and why they matter. Find our comprehensive written definition and further examples of asymmetric information see https://inomics.com/terms/asymmetric-information-1419669. Adverse selection’s full written explanation can be found at https://inomics.com/terms/adverse-selection-1419663. This overview provides a basic definition alongside real world examples. In the video we cover: 00:00 Introduction 00:17 Asymmetric information explained 01:01 Adverse selection explained 01:51 Adverse selection insurance-based example 02:52 Moral hazard explained 03:05 Moral hazard insurance-based example 03:45 Potential solutions to adverse selection and moral hazard in insurance For help, definitions and examples of more economics terms see https://inomics.com/terms. At INOMICS, we support your career journey from finding degree programs and scholarships, courses and conferences, right through to getting top senior jobs in academia and industry. Follow us on social media, or check out the latest opportunities below: Website: https://inomics.com Facebook: https://www.facebook.com/INOMICS Twitter: https://twitter.com/INOMICS Instagram: https://www.instagram.com/inomics LinkedIn Group: https://www.linkedin.com/groups/4304329/ Additional sound effects from https://www.zapsplat.com