Adverse Management Choice管理者的选择
adverse choice and signaling逆向选择与信号传递
Asymmetry of information in Chinese stock market resulted in "the adverse choice" and "the morals hazard" in the primary market, and "the adverse choice" and heavily speculative behavior in the secondary market.
中国股票市场的信息不对称现象造成了一级市场上的“逆向选择”和“道德风险”；在二级市场上造成了股票的“逆向选择”和严重投机行为。
参考来源 - 信息不对称条件下中国股票市场博弈行为分析