Archived posting to the Leica Users Group, 2000/08/18
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Maestro Logos wrote: ><Snip> This may sound intuitive, but using some simple mathematics, it can > be formally shown that there would be more lemons than not. In other words, > one is more likely to encounter reliability problems with used equipment > than with brand new gear. > > You might not have noticed it, but in your reply above you have implicitly > noted the economic concepts of "information asymmetry" and "incentives to > moral hazard". > > Regards, > > Logos Would this mean "setting oneself up for the big fall"? Mark William Rabiner