A somewhat-random look at how economics can be applied to everyday life
Sunday, 4 October 2015
Video on signalling
One of my favourite topics to teach in ECON100 and ECON110 involves information asymmetry, including adverse selection and moral hazard. Long-time readers of my blog will have noticed that a number of my posts cover similar topics. That's both because these topics are difficult for students to understand (so blogging about it helps them), and because there are lots of real-world applications that I can discuss (such as yesterday's blog post on technology and health insurance).
Anyway, the point of this post was to draw attention to one of the latest MRUniversity videos, which is on signalling: