information asymmetry

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Learning to trust strangers

Anisha Kidd considers how new technology is helping strangers trust each other – and thus opening up a new world of economic transactions.

A ‘rational’ guide to voting at an election

This article forms part of an ongoing series looking at economic issues as Australia heads into the Federal Election. More coverage can be found on the Election 2013 page of ESSA’s website.
The application of economic principles to election voting is a relatively simple process. A completely rational individual would simply vote for the political party that would best enhance their personal utility. If everyone did this, in theory at least, the party whose vision and policies best represented the country would win at an election.

Read moreA ‘rational’ guide to voting at an election