Seinfeld: The Pitch
Filed under:
asymmetric information
Newman trades Kramer a helmet for a radar detector. Jerry thinks Kramer is getting ripped off; later Kramer tells Jerry that the radar detector didn't work!
- from Seinfeld, Season 4 (1992)
- Creator: Larry David & Jerry Seinfeld
- Posted by Linda Ghent
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Commentaries on this Media
Seinfeld Economics: The Pitch
by Linda GhentAsymmetric information occurs when one party has more or better information than the other. This creates an imbalance of power in transactions that can sometimes cause the transactions to go awry.
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