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A friend who is taking her first class in investments asks you why the regulatory bodies place so much emphasis on minimizing insider information if many of the potential problems associated with financial transactions stem from information asymmetry or a lack of information. How would you respond?
Group Norm
Accepted standards and behaviors that are expected and upheld by members of a specific group or culture.
Consensus
General agreement among a group or community, often used as a standard of decision-making and acceptance within a group.
Distinctive
Having a unique quality, characteristic, or feature that distinguishes someone or something from others.
Attribution
The process of assigning a cause to our own behavior, and that of others.
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