ARBUS202 Lecture Notes - Lecture 12: Wonga.Com, Bell Canada
28 Aug 2018
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Caveat emptor: buyer beware: it is a warning that what goods you are buying might be defective or might not be what you want: this rule is not made to allow sellers to be fraudulent. Although we say that buyer beware, there are things that sellers cannot do: act fraudulent, act in bad faith, make false claims, make misleading claims. It is against this backdrop that consumers are expected to judge, examine. Buyers need all the information they can get in order to make an informed decision. Sellers want to control the kind of information we get. We have certain limits on different information we have our hands on. Symmetrical information: each player has the same information. Video: on the poisoned glass and the princess. You got to know whether someone can build an immunity against iocane powder. Did you know bell canada tracks webbing and surfing habits.
