Information economics

Information economics is a branch of Economics that studies how information affects economic decisions. Information is special because it is so easy to spread, but so hard to control. It is easy to create, but hard to trust. And it influences many of our decisions. However, this special nature of information complicates many standard economic theories.

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Information economics focuses on three areas: the study of information asymmetries, the economics of information goods, and the economics of information technology.

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