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”
The essence of cubism is to get rid of the viewpoints of the object. Cubism shows us the inside and outside, top and bottom, front and back of the object simultaneously with 2D reorientation, as a result, the observer's viewpoints disappear altogether. Finally, cubism makes us see the whole of the object. If you want to see the real world, throw away your viewpoints completely. - Joseph's "just my thoughts"