When the Parties to a Deal Have Access to Different

question 61

Multiple Choice

When the parties to a deal have access to different information:

• A) markets will be efficient.
• B) parties will voluntarily share information truthfully in order to achieve efficiency.
• C) markets may fail to exist in such cases.
• D) parties will blindly trust one another.

---

Definitions:

Self-Monitoring

The degree to which individuals regulate and control their behavior in social settings, adjusting their actions according to social cues.

Conscientiousness

A personality trait characterized by thoroughness, a desire to do a task well, and a high level of organization and responsibility.

Funder and Ozer

Researchers known for their analysis on the importance and impact of situational variables versus personality variables in predicting behavior.

Social Psychological Studies

Research in the field of psychology that focuses on how individual thoughts, feelings, and behaviors are influenced by the social environment and the presence of other people.