SLP 1 BHS450 – customwritings.pro
April 30, 2021
Identify the process for decision-making regarding technology
April 30, 2021

Week 8 Discussion

The Problem of Asymmetric Information

What is the problem of asymmetric information?  Why is it so important to understand this problem?  This video is great!   https://www.youtube.com/watch?v=sXPXpJ5vMnU

Many police officer positions require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don’t police departments increase their applicant pool by dropping this requirement?  As you answer this question think back to last week and the problem of Type 1 and 2 errors and the human tendency to be risk-averse.

 

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