Comment by Gigachad
Isn’t market for lemons about a situation where consumers can not tell the difference between good and bad quality product so they only buy the cheapest assuming it’s bad.
Isn’t market for lemons about a situation where consumers can not tell the difference between good and bad quality product so they only buy the cheapest assuming it’s bad.
Yes, and that also applies to dating apps. It’s easier to fake being attractive on an app than in real life. So the apps will be dominated by low cost fakes.
You’re right that the comment you replied to was describing a different effect (adverse selection?)