Some strategies for dealing with information asymmetry include: 1) Education and awareness: This involves making sure that all parties involved have access to the same information. 2) Transparency: This involves being open and honest about all aspects of a situation. 3) Regulation: This involves implementing rules and regulations that ensure that all parties have access to the same information. 4) Use of technology: This involves using technology to disseminate information widely and quickly.
Author Steven Levitt, working with journalist Stephen Dubner, shows how economic theories can be use...
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