Most economists believe adverse selection played no role in the 2008 financial crisis.

Name: Most economists believe adverse selection played no role in the 2008 financial crisis.
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Adverse selection did play a role in the 2008 financial crisis, particularly in the mortgage market where subprime borrowers and risky loans were disproportionately represented. Lenders failed to sufficiently screen borrowers and assess their creditworthiness, leading to a buildup of toxic assets and mortgage defaults.

Most Economists Believe Adverse Selection Played No Role in the 2008