When voters had to choose between Hillary Clinton and Donald Trump in 2016, even though they did not have complete information about which policies the candidates would pursue if elected, voters experienced the problem of

Question

Quizplus · Accepted Answer

Adverse selection refers to a situation where one party in a transaction has more or better information than the other party, typically occurring before a transaction. In the context of elections, voters often have to make decisions with incomplete information about candidates' future policies, which aligns with the concept of adverse selection.

When Voters Had to Choose Between Hillary Clinton and Donald