Gambling Business

How do firms mitigate adverse selection and moral hazard derivative of asymmetric information? How do hidden characteristics or profiles exacerbate adverse selection? How do hidden actions and material changes in behavior exacerbate moral hazard? The answers to these strategic questions are critical to effective formulation and execution of optimal adverse selection and moral hazard mitigation [...]

Different Types of Craps When you come across a game of craps, there’s a good chance that it will employ the standard rules. However, variations on craps do exist, and the following are some of the most common: Simple Craps – In this basic version of the game, the player wins on a roll of [...]