Information asymmetry happens when buyers and sellers have different levels of information, leading to adverse selection in the market. Adverse selection occurs when one party, either the buyer or the seller, has hidden information about the product and makes buying or selling decisions based on that information. For example, in the used car market, buyers cannot know everything about the cars and cannot fully trust them. Because of this, they often try to buy used cars at lower prices to evaluate their quality. To make buyers feel more confident, sellers might promise to repair the car free of charge if it breaks within a year after purchase, protecting themselves against adverse selection. A successful transaction depends on strategies that align with the market’s specific characteristics. - Joseph’s “just my thoughts”
Yeast consumes glucose and produces alcohol along with CO2. This action serves as a defense mechanism to protect against other microbiomes. In other words, the alcohol produced by yeast acts as a poison to eliminate other microbiomes. Thus, a solution with over 70% alcohol concentration can effectively eradicate the COVID-19 virus. We gladly consume the poison that yeast produces in liquor. Probably, isn’t there only a very thin line between happiness and unhappiness? - Joseph’s “just my thoughts”