In every financial transaction, one side has more information than the other. For example, when someone buys a used car, the seller will know better than the buyer whether the car is a plum or a lemon. Does more information leave you better off?
One of the fascinating ideas behind the concept of asymmetric information is that more information can lead to you being actually worse off.
This lecture was recorded by Raghavendra Rau on 20th May 2024 at Barnard's Inn Hall, London
The transcript of the lecture is available from the Gresham College website:
https://www.gresham.ac.uk/watch-now/asymmetric-information
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