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You're both describing a 'market for lemons'.[1] [1] https://en.wikipedia.org/wiki/The_Market_for_Lemons https://en.wikipedia.org/wiki/The_Market_for_Lemons
by nickff 6y ago
You're both describing a 'market for lemons'.[1]
[1] https://en.wikipedia.org/wiki/The_Market_for_Lemons https://en.wikipedia.org/wiki/The_Market_for_Lemons
- ci5er 6y agoThank you for that article. I like to think that I keep up with what some call "Freakonomics" (not the book, but the concept), and I had never come across that succinct and well developed model. Again - thank you.