Glossary entry (derived from question below)
French term or phrase:
Sélection adverse
English translation:
adverse selection
- The asker opted for community grading. The question was closed on 2012-12-17 15:54:07 based on peer agreement (or, if there were too few peer comments, asker preference.)
Dec 14, 2012 14:34
11 yrs ago
French term
Sélection adverse
French to English
Medical
Insurance
I believe I understand what's being referred to, but I cannot find the succunct English term. I feel sure the experts have a term for it. Can someone help please?
The context is the specificities of health insurance
"L’auteur rappelle que le marché de l’assurance des soins de santé n’est à l’évidence pas un marché comme les autres, notamment en raisons des asymétries d’information qui le caractérisent : aléa moral et sélection adverse."
The context is the specificities of health insurance
"L’auteur rappelle que le marché de l’assurance des soins de santé n’est à l’évidence pas un marché comme les autres, notamment en raisons des asymétries d’information qui le caractérisent : aléa moral et sélection adverse."
Proposed translations
(English)
| 3 +5 | adverse selection |
DLyons
|
| 3 | Adverse selection /anti-selection / negative selection |
pooja_chic
|
References
| Adverse selection versus moral hazard |
cc in nyc
|
Proposed translations
+5
9 mins
Selected
adverse selection
Google?
Note from asker:
| Thanks - I didn't think such a 'simpe phrase' would be in Wikipedia.... |
4 KudoZ points awarded for this answer.
Comment: "hanks"
3 hrs
pooja_chic
Native in English
Works in field
Translation is depth of the passion
Native in: English 
Works in: French to English, English to French, Portuguese to English
Related KudoZ points
:
12
Adverse selection /anti-selection / negative selection
http://economiepositive.org/lanti-selection-selection-advers...
http://en.wikipedia.org/wiki/Adverse_selection
http://wiki.answers.com/Q/What_is_anti-selection_in_the_prin...
http://market.subwiki.org/wiki/Adverse_selection
Definition
Adverse selection or negative selection describes a situation where the two parties to a transaction (i.e., the buyer and seller) have different pieces of knowledge about the quality of the good or service being traded, such that:
The seller's reservation price for the good (the minimum price acceptable to the seller) is greater than the buyer's reservation price for the good (the maximum price acceptable to the buyer).
If the buyer and seller both had complete information about the quality of the good, the seller's reservation price for the good would be less than the buyer's, and the good would have been traded.
Adverse selection typically refers to a situation where the seller knows more about the quality of the good than the buyer, and values it higher. With less information, the buyer is unwilling to pay the full price of a high-quality good, while the seller, who has more information about quality, is unwilling to sell a high-quality good at a low price.
Adverse selection could also occur the other way, the classic example of this being insurance or other form of protection against liability, where the person seeking the insurance or protection may have more information. In this case, the insurance seller may overvalue the insurance for less risk-prone buyers because they are using gross actuarial estimates, and hence the insurance deal may not occur.
Adverse selection is a particular example of how asymmetric information (i.e., buyers and sellers having different levels of knowledge about the quality of the good) leads to a market failure. It typically occurs for experience goods.
http://en.wikipedia.org/wiki/Adverse_selection
http://wiki.answers.com/Q/What_is_anti-selection_in_the_prin...
http://market.subwiki.org/wiki/Adverse_selection
Definition
Adverse selection or negative selection describes a situation where the two parties to a transaction (i.e., the buyer and seller) have different pieces of knowledge about the quality of the good or service being traded, such that:
The seller's reservation price for the good (the minimum price acceptable to the seller) is greater than the buyer's reservation price for the good (the maximum price acceptable to the buyer).
If the buyer and seller both had complete information about the quality of the good, the seller's reservation price for the good would be less than the buyer's, and the good would have been traded.
Adverse selection typically refers to a situation where the seller knows more about the quality of the good than the buyer, and values it higher. With less information, the buyer is unwilling to pay the full price of a high-quality good, while the seller, who has more information about quality, is unwilling to sell a high-quality good at a low price.
Adverse selection could also occur the other way, the classic example of this being insurance or other form of protection against liability, where the person seeking the insurance or protection may have more information. In this case, the insurance seller may overvalue the insurance for less risk-prone buyers because they are using gross actuarial estimates, and hence the insurance deal may not occur.
Adverse selection is a particular example of how asymmetric information (i.e., buyers and sellers having different levels of knowledge about the quality of the good) leads to a market failure. It typically occurs for experience goods.
Reference comments
54 mins
Reference:
Adverse selection versus moral hazard
"Adverse selection and moral hazard are both examples of market failure situations, caused due to asymmetric information between buyers and sellers in a market. This article discusses the similarities and differences between adverse selection and moral hazard."
http://market.subwiki.org/wiki/Adverse_selection_versus_mora...
http://market.subwiki.org/wiki/Adverse_selection_versus_mora...
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