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Asymmetric Info Problem

by James Tierney

One of my favorite topics in a principles level course is asymmetric information because it gives an additional example as to why we made need some regulation in certain markets. Here, Raj should be punished for not being a truthful seller.

The Big Bang Theory -- Asymmetric Information

Raj finds a smashed iPod that Penny through out the window. He decides he is going to sell it on eBay as 'slightly used.' A great example of asymmetric information.

from The Big Bang Theory (2007)
Creator: Chuck Lorre Productions
Distributor: James Tierney -- DVD
Posted by James Tierney