Asymmetry of Information or Symmetry of Delusions?

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

V. Milovidov, MGIMO University, 76, prosp. Vernadskogo, Moscow, 119454, Russian Federation (

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 Eonomy and International Relations, 2013, no. 3, pp. 45-53.

Comments (0)

No comments

Add comment






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. 5
Topical Themes of the Issue:
  • Are There Any Ways to Break Through the Korean Nuclear Impasse?
  • Contemporary U.S. Taiwan Policy: Balancing on the Edge
  • The Gulf Monarchies’ Vision of the Global Order Transformations and the Russian Place in It
  • At Post-Soviet Space
Submit an Article
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.