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... > social science subjects > politics and international relations > governance > crisis management > sociology of crisis management > information asymmetry
... > social science subjects > business and management > management settings > business management > governance > crisis management > sociology of crisis management > information asymmetry

Preferred term

information asymmetry  

Definition

  • The term information asymmetry describes a circumstance in which the parties involved in a situation—typically a transaction, as the term originates in economics—include one party who has more information or more accurate information than the other party or parties. Such asymmetries lead to imbalances of power, which can harm the least-informed party and may develop into deeper and more disastrous problems. [Source: Encyclopedia of Crisis Management; Information Asymmetry]

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https://concepts.sagepub.com/social-science/concept/information_asymmetry

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