Archived posting to the Leica Users Group, 2000/08/18

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Subject: Re: [Leica] [OT] Market for Lemons (was: R reliability)
From: Mark Rabiner <mark@rabiner.cncoffice.com>
Date: Fri, 18 Aug 2000 12:38:56 -0700
References: <B5C2D600.D8C9%maestro_logos@mac.com>

Maestro Logos wrote:
><Snip>  This may sound intuitive, but using some simple mathematics, it can
> be formally shown that there would be more lemons than not. In other words,
> one is more likely to encounter reliability problems with used equipment
> than with brand new gear.
> 
> You might not have noticed it, but in your reply above you have implicitly
> noted the economic concepts of "information asymmetry" and "incentives to
> moral hazard".
> 
> Regards,
> 
> Logos

Would this mean "setting oneself up for the big fall"?
Mark William Rabiner

In reply to: Message from Maestro Logos <maestro_logos@mac.com> ([Leica] [OT] Market for Lemons (was: R reliability))