+Adverse selection arises when one party in a transaction possesses crucial information unknown to the other, creating an imbalance *before* an agreement. This [Information Asymmetry](/wiki/information_asymmetry) can lead to market participants with hidden traits, like higher risk, disproportionately seeking certain transactions, often resulting in [Market Failure](/wiki/market_failure).
+## See also
+- [Moral Hazard](/wiki/moral_hazard)
+- [Signaling](/wiki/signaling)
+- [Screening](/wiki/screening)
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