Information Matrix
Information Matrix
| Does Seller Know What They are Selling? | |||
| Yes | No | ||
| Does Buyer Know What They are Buying? | Yes | Perfect Information | Antique Dealer Problem |
| No | Lemon Problem | Imperfect Information
(Blind Betting) |
Information Matrix
| Does Seller Know What They are Selling? | |||
| Yes | No | ||
| Does Buyer Know What They are Buying? | Yes | Perfect Information | Antique Dealer Problem |
| No | Lemon Problem | Imperfect Information
(Blind Betting) |