News at Mason
Dive into the Used Vehicle Market with CARFAX Data and Business Analytics
January 28, 2018
Join the Mason DataLab and Department of Computational and Data Sciences as we hear from Faisal Hasan, CARFAX general manager, data and public policy, and Sri Melkote, CARFAX head of business analytics.
Monday, January 29
Exploratory Hall, Room 3301
In 1970, economist and Nobel Prize winner (2001) George Akerlof published a study called “The Market for "Lemons": Quality Uncertainty and the Market Mechanism.” In no place is Akerlof’s theory more represented than in the used vehicle market, where buyers and sellers don’t always have the same information about a vehicle’s quality. In 1986, CARFAX sought to begin to “level the playing field” between buyers and sellers of used vehicles by collecting, analyzing, and making relevant data/information available in the marketplace.
For questions on this session or upcoming speakers in the Mason DataLab Colloquium Series on Data Sciences, contact Nektaria Tryfona at email@example.com.