1. An Introduction to Moral Hazard and Adverse Selection Problems - Part 1(Game Theory Playlist 11)

In the first part of my introduction I argue how asymmetric information may lead to market failures and how we can study such strategic interactions (principal-agent models). It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.