#marketforlemons — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #marketforlemons, aggregated by home.social.
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Pluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. [Unofficial] @[email protected] ·Pluralistic: Google steers Americans looking for health care into "junk insurance" (25 Nov 2025)
https://web.brid.gy/r/https://pluralistic.net/2025/11/25/open-season/
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Pluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. [Unofficial] @[email protected] ·Pluralistic: Google steers Americans looking for health care into "junk insurance" (25 Nov 2025)
https://web.brid.gy/r/https://pluralistic.net/2025/11/25/open-season/
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Pluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. [Unofficial] @[email protected] ·Pluralistic: Google steers Americans looking for health care into "junk insurance" (25 Nov 2025)
https://web.brid.gy/r/https://pluralistic.net/2025/11/25/open-season/
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Pluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. [Unofficial] @[email protected] ·Pluralistic: Google steers Americans looking for health care into "junk insurance" (25 Nov 2025)
https://fed.brid.gy/r/https://pluralistic.net/2025/11/25/open-season/
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Pluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. [Unofficial] @[email protected] ·Pluralistic: Google steers Americans looking for health care into "junk insurance" (25 Nov 2025)
https://web.brid.gy/r/https://pluralistic.net/2025/11/25/open-season/
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@baldur Information asymmetries arise where one party to a transaction has more information than the other. Or, more often, each party has information unknown to the other, though in different areas.
This means that a key assumption of free and competitive markets is violated: equal access to information. One party is advantaged over the other. In at least part. The topic has been a fairly hot area of research since the 1950s, notably by Kenneth Arrow and George Akerloff (#MarketForLemons).
Information frictions affect both parties, and affect current awareness of long-term outcomes. The issue here is that neither side has a clear view of the ultimate benefit, or cost, of some decision.
This is fundamental to the intersection of economics and technology, because all technologies, as means to some ends, have multiple dimensions:
- Effects: positive and/or negative
- Timeframe: short and/or long
- Manifestation: high and/or low
"Manifestation" is a term I'm using to indicate how apparent an outcome is, near-equivalent terms are "latent vs. manifest funtions" (#RobertKMerton), "overt vs. covert", or "cognizability". A manifest outcome is one clearly perceived, a non-manifest outcome is one poorly perceived. Or understood, communicated, detected, etc.
#capitalism #InformationAsymmetry #InformationFriction
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Labour, markets, and complex information inflows at scale
...As a system scales, its capability to process complex informational inputs relative to smaller organisation decreases, due to the greater total informational load. That is, broadcast-mode systems are very good at transmitting complex signals, but they can generally only recieve simple, or at best, standardised, inputs. Executive attention and bandwidth are limited....
#dreddit #economics #labour #complexity #information #systems #MarketForLemons #GreshamsLaw