Category
page 1Information economics
information economics
branch of microeconomic theory that studies how information affects economics
adverse selection
selective trading based on possession of hidden information
knowledge extraction
creation of knowledge from structured and unstructured sources
dispersed knowledge
information that is spread throughout the market and not in the hands of a single agent
value of information
amount in information economics
information market
type of market
Grossman-Stiglitz Paradox
Economic paradox on market efficiency