Perfect information

In economics, perfect information (sometimes referred to as “no hidden information”) is a feature of perfect competition. With perfect information in a market, all consumers and producers have complete and instantaneous knowledge of all market prices, their own utility, and own cost functions.

(“Perfect Information” 2022)

Also see Game theory, Imperfect information, and Complete information.

Examples

• Chess

Bibliography

Backlinks

• Imperfect information