The two types of asymmetric information problems are adverse selection and moral hazard.

Name: The two types of asymmetric information problems are adverse selection and moral hazard.
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Adverse selection occurs before a transaction when one party has more or better information than the other, often leading to a poor selection of risks. Moral hazard happens after a transaction when one party may take greater risks because they do not bear the full consequences of those risks.

The Two Types of Asymmetric Information Problems Are Adverse Selection