#### TL;DR Akerlof published this paper in 1970. this paper was ...

George A. Akerlof is an American economist who was awarded the Nobe...

A "lemon" is a vehicle that turns out to have several manufacturing...

Gresham's Law is an economic principle that states **bad money driv...

The Von Neumann–Morgenstern utility theorem is framework in econom...

> ***"The presence of people in the market who are willing to offer...

Dishonesty doesn't just hurt the person who gets cheated - it harms...

> ***"The middleman who tries to arbitrage between the rates of the...