Finance:Self-revelation
From HandWiki
In economics, self-revelation is a property of a mechanism where each agent maximizes their utility (or expected utility) by revealing their true type. Self-Revelation is also used as a theme in many literary works.
Self-revelation is widely used in insurance market. This is when high risk parties and low risk parties choose to pay a different risk premium.
This article does not cite any external source. HandWiki requires at least one external source. See citing external sources. (2021) (Learn how and when to remove this template message) |