Toward a Broader Conception of Adverse Selection

Conditional on getting to trade, your trade might not have been all that great

Toward a Broader Conception of Adverse Selection Conditional on getting filled, are you still happy with your trades? Ricki Heicklen Mar 14, 2024 43 13 Share “I refuse to join any club that would have me as a member” -Marx 1 Adverse Selection is the phenomenon in which information asymmetries in non-cooperative environments make trading dangerous. It has traditionally been understood to describe financial markets in which buyers and sellers systematically differ, such as a market for used cars in which sellers have the information advantage, where resulting feedback loops can lead to market co

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