The Greatest Injustice Is Information Asymmetry

CategoryReading Notes

Information asymmetry.

Some people exploit legal but unreasonable tactics to profit, while others don’t even know how to legally and rationally protect their own interests.

For instance, many people believe they can only file an insurance claim when a car hits another car or a pedestrian, unaware that hitting a pole also qualifies—and the insurance company will cover the repair of that pole as well.

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