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Imperfect Information & Opportunism

Journal of Economic Issues, Vol. 51 Issue No. 4, December 2017 www.tandfonline.com/doi/full/10.1080/00213624.2017.1391594 IMPERFECT INFORMATION AND OPPORTUNISM Information is a scarce resource. It is inherently available only in limited form to decision makers. Limited or imperfect information is caused by uncertainty – both ontologic and epistemic, limitations in cognitive capabilities or bounded rationality, hidden information and …

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