Freakonomics

How is the Ku Klux Klan Like a Group of Real Estate Agents?

Chapter two deals with the concept of “information asymmetry” and its effect on society. Explain this concept and how the authors connect it throughout the chapter to the groups listed: Ku Klux Klan, Real-Estate Agents, and “The Weakest Link”. In your opinion, how is “information asymmetry” ethical or unethical? Furthermore, in the hierarchy of our society, how does “information asymmetry” impact our capitalist foundation? In your own life, how have you been a perpetrator or victim of “information asymmetry”? Use examples from the chapter to support your response.

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Last updated by Shishir M #1139263
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