Economics Dictionary of Arguments

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Selection: Selection in evolution theory is the process by which organisms with beneficial traits are more likely to survive and reproduce, passing on those traits to their offspring. This process leads to changes in the population over time. See also Evolution, Darwinism, Mutation, Fitness, Survival.
Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Concept Summary/Quotes Sources

Kenneth J. Arrow on Selection - Dictionary of Arguments

Mause I 168
Selection/Markets/Arrow(1): Def Negative Selection/Adverse Selection: occurs when an insurance company no longer offers certain insurance policies because the risks to be insured are too high. Example: Conscientious customers can also no longer acquire certain insurance policies, ultimately because of the behavior of other customers.

1. K. J. Arrow, The economics of agency. In Principals and agents: The structure of business, Hrsg. John W. Pratt und Richard J. Zeckhauser, 37– 51. Boston 1985.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconArrow I
Kenneth J. Arrow
Social Choice and Individual Values: Third Edition New Haven 2012

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018

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