He analyzed asymmetric information in "Uncertainty and the Welfare Economics of Medical Care," and he gives his name to a type of risk aversion with Pratt.
This man argued that higher education sorts students by ability using existing information rather than new information in "Higher Education as a Filter." He analyzed asymmetric information in "Uncertainty and the Welfare Economics of Medical Care," and he gives his name to a type of risk aversion with Pratt. With Gerard Debreu, he wrote Existence of a Competitive Equilibrium for a Competitive Economy. This author of Essays in the Theory of Risk-Bearing may be best known for a concept that states individual preferences must be translated into community preferences in voting systems. For 10 points, name this man with a namesake "impossibility theorem."
This man argued that higher education sorts students by ability using existing information rather than new information in "Higher Education as a Filter."
Kenneth {Arrow}