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by slt2021 1292 days ago
aka "Lemon markets theory" by George Akerlof, which won Nobel Prize in Economics in 2001

https://en.wikipedia.org/wiki/The_Market_for_Lemons

1 comments

Thanks for the citation.

I listen to a lot of economic podcasts and subscribe to Ben Thompson’s Stratechery newsletter/podcast. I couldn’t remember where the theory came from.