Difference between revisions of "More Complexity List"
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* Data Privacy disclosures - to protect them - do you have a pandemic rider? | * Data Privacy disclosures - to protect them - do you have a pandemic rider? | ||
* Banking, Investing, etc. <br> | * Banking, Investing, etc. <br> | ||
| − | also known as "information failure," occurs when one party to an economic transaction possesses greater material knowledge than the other party. | + | Asymmetric transactions are also known as "information failure," occurs when one party to an economic transaction possesses greater material knowledge than the other party. |
More Complex '''Agreements''' <br> | More Complex '''Agreements''' <br> | ||
Revision as of 13:52, 5 December 2020
Retun to GC Chapters
More Complex Rules - laws, customs, etc
- occupation certifications
More Complex Disclosures
- Asymmetric legal knowledge and little recourse if you understand and/or disagree
- Insurance (20+ pages) - health, auto, home - to protect tehm - do you have a pandemic rider?
- Product or services warrantees
- Data Privacy disclosures - to protect them - do you have a pandemic rider?
- Banking, Investing, etc.
Asymmetric transactions are also known as "information failure," occurs when one party to an economic transaction possesses greater material knowledge than the other party.
More Complex Agreements
- Loans, information,
- Apps - 100+ agreements - 20-30 pages
- Services - wireless phones
- Google, Apple, Facebook, Microsoft, Zoom - any idea what you are saying "I agree"
More Fact Bubbles
More Diversity - empathy, ideas, etc. Our culture instituted the ideal of conforming rather than diversity.
More Specialization
- Medical - every organ has a physician
- Jobs - Hunter and Gatherer to occupations
