Friedberg argues decentralized funding networks suffer from adverse selection where the best storyteller wins, not the best candidate.
“You see this in, like, the insurance industry. The term is often used to adverse selection where, it's the best storyteller that wins, not necessarily the best candidate.”
Friedberg argues decentralized funding networks suffer from adverse selection where storytellers win over qualified candidates.
“The problem with decentralized networks is often you see adverse selection. You see this in, like, the insurance industry.”