Posted by: raphael on: July 2, 2008
What does Saint Brigid’s Cross have to do with today’s economies? How does this ancient symbol reflect today’s money markets? Asymmetric information underlying markets? And yes there was a Nobel Prize awarded for ‘asymmetric information’. Quote: The foundations for this theory were established in the 1970s by three researchers: George Akerlof, Michael Spence and Joseph [...]
