Information asymmetry and product valuation: an exploratory study

Authors:
Waseem Afzal;Daniel Roland; Mohammad Nasser Al-Squri
Affiliations:
School of Library and Information Management, EmporiaState University, Kansas, USA;School of Library and Information Science, Kent StateUniversity, Ohio, USA;Department of Library and Information Science, SultanQaboos University, Oman
Venue:
Journal of Information Science
Year:
2009

Citing 5
Cited 3

The effect of task demands and graphical format on information processing strategies

Management Science
Key dimensions of business-to-consumer web sites

Information and Management
Discovering Statistics Using SPSS

Discovering Statistics Using SPSS
Survey research methodology in management information systems: an assessment

Journal of Management Information Systems - Special section: Strategic and competitive information systems
How much is information worth? Willingness to pay for expert and non-expert informational goods compared to material goods in lay economic thinking

Journal of Information Science

A novel hybrid evaluation approach of knowledge management performance for R&D division

International Journal of Information Technology and Management
Towards a decision tool for choosing a business process maturity model

DESRIST'12 Proceedings of the 7th international conference on Design Science Research in Information Systems: advances in theory and practice
Case Studies in research: Choosing the right business process maturity model

Information and Management

Quantified Score

Hi-index	0.00

Visualization

Abstract

This paper reports on the impact of information asymmetry on product valuation. One group of subjects was provided with symmetric information, while a different group was given asymmetric information; the subjects were then asked to value an information technology product. The study found that there was a significant difference in the valuations of the two groups. The group with the symmetric information valued the product highly and in close proximity to the real worth of the product, while the group with asymmetric information undervalued the product. The current study offers a new perspective for information science and an interesting avenue for future research, which, if pursued, can enrich our understanding of human information interaction and valuation processes.