Economics of Money, Banking and Financial Markets - With Access
Economics of Money, Banking and Financial Markets - With Access
11th Edition
ISBN: 9780134151809
Author: Mishkin
Publisher: PEARSON
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Chapter 8, Problem 6Q
To determine

If the worry of wealthy people that others seek to marry them only for their money is a problem of adverse selection.

Introduction:

Adverse selection is a problem of incorrect information as per which the information available to the sellers is more than the buyers or vice versa. This leads to a risk of advantage that one party can have over the other party.

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