The ethical considerations of information asymmetry revolve around fairness, transparency, and exploitation. It's considered unethical when one party uses their superior knowledge to exploit those who lack that information. This can lead to an imbalance of power, manipulation, and unfair outcomes. For instance, in the case of the Ku Klux Klan, they used information asymmetry to maintain an image of mystery and fear, which is ethically questionable.
Author Steven Levitt, working with journalist Stephen Dubner, shows how economic theories can be use...
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