Needs this to be a word document and Excel to support the Word problems. Due Saturday 6 November by 10:00 PM CST
Please read the instructions box this requires Word and Excel to support the work in word. I’ve highlighted in yellow
The early theoretical models of adverse selection such as those by Aklerlof, and Rothschild and Stiglitz predict that insurance markets cannot function well or at all in the presence of asymmetric information. And, in fact, sometimes real-world markets function poorly because of adverse selection – recall the death spiral in the market for health insurance at Harvard.