Adverse selection is the process of making a decision without having all of the knowledge needed. It is a term commonly used in the insurance industry, when applicants withhold information from an ...

Adverse selection in health insurance happens when sicker people—or those who present a higher risk to the insurer—buy health insurance while healthier people don’t buy it. Adverse selection can also ...

Have I got a deal for you! I've got this great used car, and I might be willing to sell. The actual value of the car depends on how well it has been maintained, and this is known only to me; expressed ...