Tag
asymmetric_information
3 findings
Labour & employmentAbility-Dependent Peer ScreeningHigh-ability original participants offered performance pay selected referrals who scored 0.371 standard deviations higher on cognitive tasks (p < 0.05), whereas low-ability participants showed no statistically significant improvement in referral performance (0.084 standard deviations) because low-ability participants could not accurately predict referral performance.RCTEconomics (general)Asymmetric Information and Lemons Market Failure in Advisory Services100% of candidate firms regularly received low-quality unsolicited sales offers, leading directors to reject market-rate consulting despite an estimated 130% one-year return on investment ($325,000 annual profit increase on a $250,000 investment).Expert TheoryBehaviour & psychologyTransient Remittance Belief MisalignmentLow-baseline remitters increased remittance amounts (+174.94 PhP/week, p < 0.05), yet recipient spending on migrant priority items showed no significant increase (-0.200 log points, p > 0.10), indicating potential treatment attenuation over longer time horizons.RCT