Changes
plural pronoun
{{Unreferenced|date=December 2009}}
In [[economics]], '''self-revelation''' is a [[Property (philosophy)|property]] of a [[Mechanism (economics)|mechanism]] where each [[Agent (economics)|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.
{{DEFAULTSORT:Self-Revelation}}
[[Category:Insurance]]
{{Econ-stub}}
In [[economics]], '''self-revelation''' is a [[Property (philosophy)|property]] of a [[Mechanism (economics)|mechanism]] where each [[Agent (economics)|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.
{{DEFAULTSORT:Self-Revelation}}
[[Category:Insurance]]
{{Econ-stub}}
