Imperfect information - How To Discuss
Imperfect information,
Definition of Imperfect information:
(In game theory) the property of certain games by which players have differing degrees of knowledge about events that have so far occurred.
A situation in which some participants in a market have better or more up-to-date information about products and prices than others.
Information that only reduces uncertainty but (unlike perfect information) does not eliminate it.
Meaning of Imperfect information & Imperfect information Definition
