I Can See Your Voice — Asymmetric Information

Could you tell if someone is a good singer just by the way they look or by how they lip-sync a song? In this music game show, contestants perform a variety of tasks and judges have to decide whether or not the person is actually a good singer. The show’s host and the performers know the truth, but the judges are left in the dark. This show, and even just the concept of the show, is a great example of asymmetric information. For judges, it’s hard to make decisions with limited information, but they’ll use signals to see if they can be successful.

Full episodes of I Can See Your Voice can be found on Fox: https://www.fox.com/i-can-see-your-voice/

Thanks to Shreyasee Das for the recommendation!

NY Times — The 1998 NFL Draft: A Look Back at the Epic Ryan Leaf Bust

 

One of the struggles with hiring workers is evaluating talent, specifically for college athletes considering the NFL. In 1998, Ryan Leaf appeared to be the top college athlete even with some questionable character flaws. The Colts, instead, chose to select Peyton Manning with their first pick of the draft despite some criticism. Manning went on to be one of the winningest QBs in NFL history while Ryan Leaf is considered one of the biggest NFL busts in the history of the league. This clip from the New York Time’s Retro Reporting division revisits that controversial decision.

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