is a situation where an agent has more knowledge about resources he or she is managing than the principal has.

Name: is a situation where an agent has more knowledge about resources he or she is managing than the principal has.
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Information asymmetry refers to a situation in which one party in a transaction has more information than the other party. In this case, the agent (the resource manager) has more knowledge about the resources than the principal, which creates an information asymmetry.

Is a Situation Where an Agent Has More Knowledge About