Information asymmetry can be used in a positive way when it is used to expose harmful or unethical practices. For example, in the case of the Ku Klux Klan, information asymmetry was used by a journalist to infiltrate the group and reveal its secrets, leading to a dramatic drop in membership. Similarly, in business, information asymmetry can be used to gain a competitive advantage or to expose unethical business practices.
Author Steven Levitt, working with journalist Stephen Dubner, shows how economic theories can be use...
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