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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

information asymmetry  

Definition 1.

Condition in which at least some relevant information is known to some but not all parties involved. Information asymmetry causes markets to become inefficient, since all the market participants do not have access to the information they need for their decision making processes. opposite of information symmetry
 

Definition 2.

Condition that information is known to some, but not all, participants.
 
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