Information Asymmetry

One concept. Four tiers of command. Which do you speak?

Category: Negotiation

Foundational Lexiconknowing more than others
Executive Parlanceknowledge advantage
Scholarly Discourseepistemic imbalance
Babel ZenithAkerlof's Lemons
Origin: Economics

Etymology & Meaning

When one party in a transaction has more information than the other.

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