Difference between revisions of "Self-revelation"
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Latest revision as of 08:45, 25 October 2018
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In economics, self-revelation is a property of a mechanism where each agent maximizes their utility (or expected utility) by revealing their true type. Self-Revelation is also used as a theme in many literary works.
Self-revelation is widely used in insurance market. This is when high risk parties and low risk parties choose to pay a different risk premium.
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