asymmetry of information
Смотреть что такое "asymmetry of information" в других словарях:
Information asymmetry — In economics and contract theory, information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other. This creates an imbalance of power in transactions which can sometimes cause… … Wikipedia
Information economics — or the economics of information is a branch of microeconomic theory that studies how information affects an economy and economic decisions. Information has special characteristics. It is easy to create but hard to trust. It is easy to spread but… … Wikipedia
Asymmetry — is the absence of, or a violation of, a symmetry. In organismsDue to how cells divide in organisms, asymmetry in organisms is fairly usual in at least one dimension, with biological symmetry also being common in at least one dimension. Louis… … Wikipedia
Information theory — Not to be confused with Information science. Information theory is a branch of applied mathematics and electrical engineering involving the quantification of information. Information theory was developed by Claude E. Shannon to find fundamental… … Wikipedia
Information asymmetry — A situation involving information that is known to some, but not all, participants. The New York Times Financial Glossary … Financial and business terms
information asymmetry — Condition that information is known to some, but not all, participants. Bloomberg Financial Dictionary … Financial and business terms
Uncorrelated asymmetry — In game theory an uncorrelated asymmetry is an arbitrary asymmetry in a game which is otherwise symmetrical. The name uncorrelated asymmetry is due to John Maynard Smith who called payoff relevant asymmetries in games with similar roles for each… … Wikipedia
Asymmetric Information — A situation in which one party in a transaction has more or superior information compared to another. This often happens in transactions where the seller knows more than the buyer, although the reverse can happen as well. Potentially, this could… … Investment dictionary
Adverse selection — Adverse selection, anti selection, or negative selection is a term used in economics, insurance, statistics, and risk management. On the most abstract level, it refers to a market process in which bad results occur when buyers and sellers have… … Wikipedia
The Market for Lemons — The Market for Lemons: Quality Uncertainty and the Market Mechanism is a 1970 paper by the economist George Akerlof. It discusses information asymmetry, which occurs when the seller knows more about a product than the buyer. A lemon is an… … Wikipedia
Signalling (economics) — In economics, more precisely in contract theory, signalling is the idea that one party (termed the agent ) conveys some meaningful information about itself to another party (the ). For example, in Michael Spence s job market signalling model,… … Wikipedia
