AI as a Mitigator of Information Asymmetry within Platform Strategiarchy Logic
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.78, No. 4)Publication Date: 2024-12-20
Authors : Vyshnevskyi О.;
Page : 5-11
Keywords : economic theory; information asymmetry; AI; economics signaling; signaling theory; strategiarchy; platform strategiarchy;
Abstract
This paper aims to describe role of AI, deployed on a platform of strategizing, functions as a third party to mitigate information asymmetry within the framework of signaling theory. The four primary categories of actors (persons, organizations, nature, AI) give rise to 10 different types of interaction, which are divided into two groups (peer-level and hierarchical). Actors have different amounts of information, which describes information asymmetry. In turn, information asymmetry generates economic inequality.
The negative effects of information asymmetry can be reduced in two strategic approaches: either by providing additional information to the less informed party, or by redistributing the economic benefits received by the more informed party in favor of the less informed party.
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