Asymmetry of Information or Symmetry of Delusions?

417
DOI: 10.20542/0131-2227-2013-3-45-53

V. Milovidov, MGIMO University, 76, prosp. Vernadskogo, Moscow, 119454, Russian Federation (vmilovidov@hotmail.com).

Abstract. Sustainable state of information asymmetry at the financial market pushes its players to impetuous race for knowledge and awareness, to overcoming the risks and uncertainties of investment transactions. One has to run in order to just remain at the same place. In other words, asymmetry of information keeps the financial market in good fit. The stronger is this state the less is the market actors’ confidence that information component of their motivations is sufficient for taking decisions. Thus, steadily growing aspiration for finding the necessary means capable to level off the asymmetry of information and to secure reduction of risks.

Keywords: financial market, asymmetry of information, “symmetry of delusions”, agency theory, contracts of behavioral motivation, contracts of remunerative motivation, internally motivated investors, externally motivated investors, Francois Rabelais, Holy Grail


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For citation:
Milovidov V. Asymmetry of Information or Symmetry of Delusions?. World Eonomy and International Relations, 2013, no. 3, pp. 45-53. https://doi.org/10.20542/0131-2227-2013-3-45-53



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