Supreme Court Upholds Affirmative Action Program at University of Texas. Abigail Fisher, right, with Edward Blum, director of the Project on Fair Representation, left the Supreme Court in Washington after oral arguments in her case last December. Her case argued the University of Texas, Austin, had denied her admission based on her race.
Insider Trading. Insider trading is a poorly defined concept with roots in adverse selection theory and the efficient market hypothesis (EMH). The popular notion is that insiders have an unfair advantage because they possess materially significant and non-public information â an informational asymmetry.
As a Forwarder who moves goods, whether you offer cargo insurance to your clients or not, you accept the responsibilities of Field Underwriting. Accepting poor risks prone to losses is known as Adverse Selection.. Avoid Adverse Selection.. Insurance can only work when risks are distributed fairly.