Transactions costs that include the assessment of the investment merits of a financial asset. Related: Search costs.
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Asymmetric information
Asymmetric information Information that is known to some people but not to other people.
Expected value of perfect information
Expected value of perfect information The expected value if the future uncertain outcomes could be known minus the expected value with no additional information.
For your information (FYI)
For your information (FYI) A prefix to a security price indicating that the quote is for information purposes only, and not an offer to trade.