Consider the following statement:

• Many police officer positions require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material.

In your discussion post, address the following:

• Speculate on why police departments do not increase their applicant pool by dropping this requirement and how asymmetric information, moral hazard, and adverse selection are involved?

Answer rating: 100% (QA)

Asymmetric Information in Decision Making An asymmetric information scenario occurs when one of the ... View the full answer