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Nunya is a computer software company that employs highly intelligent but somewhat unusual people.Every Friday,free lollipops are given out to encourage employees to remember how creative they were when they were children.At the beginning of each quarterly executive meeting,employees are reminded that the founders were three young people who 'got lucky' and sold a video game that they invented.Employees are allowed to dress in blue jeans and can set their own working hours. Dressing down is an example of a:
Adverse Selection
Adverse selection refers to a situation where sellers have information that buyers do not, or vice versa, about some aspect of product quality.
Utility Function
A mathematical representation of how consumers rank different bundles of goods according to their level of satisfaction or utility.
Wealth
The presence of significant financial assets or tangible property that can be transformed into a medium suitable for trade.
Pain Of Losing
The emotional or psychological distress experienced after suffering a loss, often more intense than the joy of equivalent gains.
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