Systems Thinking, Asymmetric Information, and the People Centered Internet

By Peter Whitehead August 10, 2016 In 2001, the Royal Swedish Academy awarded the Nobel Prize in Economic Sciences to Joseph Stiglitz, George Akerlof and Michael Spence for their seminal contribution to the economics of information [1]. ¬†Their concept shows how informational asymmetries can give rise to adverse selection in markets. ¬†George Akerlof called this […]