The Wall

[wufwugy]

Fair enough.

Can you elaborate on asymmetric information a bit?
Or even provide a link which you endorse as a good source for defining the term?
I'm unfamiliar.

(Sorry if you're in process of replying to my other post on this subject.)

I can post something if I come across it. It's a topic I mostly only covered in class. It was sort of a light bulb where I realized that's the technical term for the types of things we talk about regarding problems in markets. For example, when I claim that people are individually more productive at spending their money than the government is spending the money instead, my claim is predicated in part on the idea that the people individually have less asymmetric information in relevant scenarios than the government does. The two main types of asymmetric information covered are adverse selection and moral hazard.