Caveat emptor: Difference between revisions
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This tension between traditional "buyer beware" principles and the practical limits of consumer evaluation capacity is precisely why consumer protection laws have evolved. These regulations attempt to re-balance the information asymmetry through disclosure requirements, cooling-off periods, warranties, and prohibitions against deceptive practices. | This tension between traditional "buyer beware" principles and the practical limits of consumer evaluation capacity is precisely why consumer protection laws have evolved. These regulations attempt to re-balance the information asymmetry through disclosure requirements, cooling-off periods, warranties, and prohibitions against deceptive practices. | ||
==External links== | |||
*[https://danluu.com/nothing-works "Why is it so hard to buy things that work well?"] | |||
==References== | ==References== | ||