I agree strongly with the information symmetry argument, although I am less confident of the information volume one—this is because transaction costs apply to information too.
I particularly like it because information symmetry feels like an area which has gotten a negligible amount of attention compared to questions of supply and demand, and therefore is a good target for making a lot of progress relatively quickly for relatively little investment.
I agree strongly with the information symmetry argument, although I am less confident of the information volume one—this is because transaction costs apply to information too.
I particularly like it because information symmetry feels like an area which has gotten a negligible amount of attention compared to questions of supply and demand, and therefore is a good target for making a lot of progress relatively quickly for relatively little investment.