Question: Context Focus will be to think through what asymmetric information, moral hazard, and adverse selection have to do with hiring a police officer. Activity Consider

Context

Focus will be to think through what asymmetric information, moral hazard, and adverse selection have to do with hiring a police officer.

Activity

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.

Address the following:

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

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