Asymmetry of Information or «Symmetry of Delusions»?

418
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


Registered in System SCIENCE INDEX

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



Comments (0)

No comments

Add comment







Indexed

 

 

 

 

Dear authors! Please note that in the VAK List of peer-reviewed scientific journals, in which the main scientific results of dissertations for the degree of candidate and doctor of sciences should be published for the “MEMO Journal” the following specialties are recorded:
economic sciences:
5.2.5. World Economy.
5.2.1. Economic Theory
5.2.3. Regional and Branch Economics
political sciences:
5.5.4. International Relations
5.5.1. History and Theory of Politics
5.5.2. Political Institutions, Processes, Technologies

 

Current Issue
2024, vol. 68, No. 11
Topical Themes of the Issue:
  • U.S. Protectionism Against China’s Mercantilism  
  • U.S. Military Cooperation with Its Allies in Northeast Asia 
  • Russia Under the Conditions of Global Economy Regionalization
  • Greater Middle East
Announcement

Dear authors of the journal!

Please note that the author's copies of the issues in which your texts are published are kept in the editorial office for no more than one year. After this period expires, the editorial office has the right to dispose of unclaimed copies at its own discretion.

 

Submit an Article
INVITATION FOR PUBLICATION
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.