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#### 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...