Grossman-Stiglitz Paradox
id:
grossman-stiglitz-paradox-266-7574675
title:
Grossman-Stiglitz Paradox
text:
The Grossman-Stiglitz Paradox is a paradox introduced by Sanford J. Grossman and Joseph Stiglitz in a joint publication in American Economic Review in 1980 that argues perfectly informationally efficient markets are an impossibility since, if prices perfectly reflected available information, there is no profit to gathering information, in which case there would be little reason to trade and markets would eventually collapse.
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Grossman-Stiglitz_Paradox
date created:
date modified:
2024-02-04T16:58:01Z
main entity:
{"identifier":"Q28456710","url":"https://www.wikidata.org/entity/Q28456710"}
image:
fields total:
13
integrity:
13