A Study on ‘the Market for Lemons’ and the Strategy of ‘Unification’ in Booking Systems: A Case Study on the FAHSYSU Simulation T System of the Training Center for Clinical Skills of the First Affiliated Hospital of Sun Yat-sen University

Yiyan Dai(The First Affiliated Hospital of Sun Yat-sen University)

Abstract

Based on the blueprint of the training center for clinical skills of our hospital, this paper discusses the effect of ‘the market for lemons’ in its booking system from the perspective of economics of information, uses the law of large numbers and the central limit theorem to model to carry out the case study of FAHSYSU Simulation T, and takes measures of offsetting adverse selections to increase booking efficiency. The paper also analyzes how to apply the ancient Chinese theory that man is an integral part of nature to wipe out ‘the market for lemons’.

Keywords

Information asymmetry; The market for lemons; Akalov mode; Adverse selection; Tao

References

Laotse, The Spring and Autumn period of China. Tao And Teh.

Geogre, A., 1970. The Markets for ‘Lemons’: Quality uncertainty and The Market Mechanism. The Quarterly Journal of Economics. 84(3), 488-500.

Sheng, Zh., Xie, Sh.Q., Pan, Ch.Y., 2011. Probability Theory and Mathematical Statistics. Zhejiang University, Higher Education Press.

DOI: http://dx.doi.org/10.26549/met.v6i2.11869