Imperfect information

Imperfect information is the condition that occurs in the market when one or more traders have more precise information than others. This concept is therefore studied in economics, and is directly applicable to business scenarios, where the presence of information asymmetries is useful for explaining the different behaviors of the various economic subjects.

When information is not fully shared among the subjects who are part of the same economic process, we can therefore speak of imperfect information. And therefore a part of the interested parties has more information than the rest of the participants and can thus benefit from this situation.