Of course I know things you don't know, we all know such things the other people have no idea about because we can't tell everything in our lives to other people, but the article is not exactly about those things, it's about the hidden risks of I know something you don't that lecture done by Professor Raghavendra Rau, Gresham Mercers’ School Memorial Professor of Business, that's interesting enoug for you to wacth / listen.
Imagine buying insurance, but the company knows you're less likely to get sick than you do. That's information asymmetry in action! This lecture explores hidden traps in insurance and loan markets caused by one side knowing more than the other. These sneaky problems can lead to unfair deals and even major financial meltdowns. We'll examine how rules try to fix these issues, and the surprising ways they can sometimes backfire.
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