information asymmetry
Information asymmetry refers to a situation where one party possesses more or superior information compared to the other party involved in a transaction or negotiation, resulting in an imbalance of knowledge and power.
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Related Concepts (1)
Similar Concepts
- imperfect information
- information control
- information diffusion
- information disclosure
- information gain
- information hiding
- information leakage
- information overload
- information paradox
- information sharing
- information theory
- lack of transparency
- misinformation
- misleading information
- privacy and information sharing