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Old Oct 23, 2018, 12:40 pm
  #14  
MSPeconomist
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Originally Posted by atflyer
Haha. There is incredible busines literature about information asymmetries on value propositions. It won Ackerloff, Spence and Stiglitz the 2001 Noble prize in economics. Here we have airliners know things well and hammer this on their staff against non-professionals like you and me. If I were an airliner, of course I would try this since likely 1 or 2 out of the 100s customers will bite since they are not Noble prizes ;-). Even if 20-40 of these do not suffer from information asymmetry, cha nces are 1-2 of the rest will feel fine....
See https://en.wikipedia.org/wiki/Information_asymmetry
OT but it's Akerlof, spelled with only one F.
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