Adverse Selection vs. Moral Hazard

This video explains the difference between adverse selection and moral hazard, and goes through some examples.

[@abhaymathur4213]

Brilliant clarity in contrasting the 2 concepts. Better explained than most textbooks out there. Thank you Ashley:)

[@samea9584]

Ever since i've seen that video about nash equilibria, im such a fan of your videos! Thank u for explaining everything clearly, u really are a gem on youtube!

[@cwatbruno1]

Extremely informative and plain language clarifications and context-based information. Well done!

[@erickemmanuelalvarezmartin1761]

Thank you so much, I finally understand the concepts and the examples are super clear!

[@TheGryffindorer]

Thanks Ashley, your explanation indeed helped me.

[@abedsaqallah4672]

great explanation! keep it up! you have a good method on how to demonstrate your knowledge.

[@lobsterking1116]

very detailed and understandable. I really appreciate it.

[@oghenefejiroagbi1469]

The morning before my finals and you just saved me!!!!!

[@modernrush6728]

My finals are in a few hours and im watchint this as my lectures are too long, hope i can pass 😅

[@slicksweet330]

Did u end up passing lol

[@myfinperspective7212]

hi Ashley, thank you for the explanation. btw, do you have any url on classical work of asymmetric information topic?

[@ilayda9067]

Your explanation was so clear I am glad that you have decided to start this channel, I will be following you and hope to see more are coming! I have seen that you explained Microeconomics theory, would you think of doing some videos for Macroeconomics too? Thank you and good luck!

[@AshleyHodgson]

I'm not a macroeconomist, so I wouldn't be the best person to explain that content, unfortunately. Behavioral econ, health care, micro and blockchain will keep me busy for a while.

[@maryvimbayimatunga4758]

Thank you for this well detailed video

[@benpineapple2482]

Very helpful and easy to understand. Thank you so much Miss.

[@elliowb2]

I like the way that you have framed the two concepts. Very helpful. The example that is used isn't quite as clear as say the case of health insurance that won't cover 'pre-existing' conditions. At least in the case of adverse selection, it's a much more clear example. Just my two cents.

[@dgk2789]

best explanation! plz keep it going

[@allison4038]

omg love your example in insurance i have final tmr in health econ

[@konekosamvs3264]

Thank you so much!!

[@watamatafoyu]

So how does moral hazard not make universal healthcare in countries infeasible?

[@yannil5923]

thank you Ashley! The first part is sth as foundation but the second part of asymmetric samples really help me a lot to actually understand the difference. This is a really smart method

[@e.s.8004]

Could you provide the literature sources of your assumptions? Thank you in advance!

[@AshleyHodgson]

Many of the ways I organize information while teaching are just mental tricks I've come up with along the way while teaching. No citation. However, this particular video uses a table that is in a peer reviewed economics teaching article I wrote: www.tandfonline.com/doi/abs/10.1080/00220485.2014.889931

[@AmirAmjad-ps5iv]

Thanks mam...

[@kevochic]

what do you mean with bias, in this context?

[@AshleyHodgson]

Good question! By bias, I mean either (a) an externality for the people who end up pooled in the contract and/or (b) a functional problem with the contract because of either the types who select in or the behavioral incentives in the contract .

[@kevochic]

Okey, now i understand, tanke you😊

[@guledhussein5887]

Woow masha allah you are amizing instructor. Thanks dear

[@turbe7350]

Ashley it's been a long time...

[@ritaolah8324]

You obviously do not rent:(

[@erenmoore9180]

Thank you mommy. Let's make a toast, cheers!

[@khadijahamid6905]

i think the problem is in my brain not withanyone anymore