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Asymmetric information is ubiquitous in many facets of life and plays an important role in many fields of study, including behavioural economics and game theories.
Asymmetric information is ubiquitous in many facets of life and plays an important role in many fields of study, including behavioural economics and game theories. Health insurance appears to be an industry in which asymmetric information is always at work. Explain what you understand about asymmetric information and describe the health insurance industry in the context of information asymmetry?
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