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Mental models, decoded from real events
See the hidden forces behind the events that shaped the world — and build a mind that spots them everywhere.
Information asymmetry doesn't just create unfairness—it actively destroys markets by driving out the good and concentrating the bad. The tragedy is self-reinforcing: as quality participants exit because they can't get fair value, the remaining pool gets worse, which drives more good participants out, until only lemons remain. Every functioning market is a miracle of signal design that prevents this death spiral.
See the hidden forces behind the events that shaped the world — and build a mind that spots them everywhere.