Open AccessUsefulness Lost: Aggregating Information with Differing Levels of Verifiability
Author(s) -
Jonathan Glover,
Yuji Ijiri,
Carolyn B. Levine,
Pierre Jinghong Liang
Publication year - 2005
Publication title -
ssrn electronic journal
Language(s) - English
Resource type - Journals
ISSN - 1556-5068
DOI - 10.2139/ssrn.715207
Subject(s) - measure (data warehouse) , principal (computer security) , stewardship (theology) , computer science , information asymmetry , computer security , business , data mining , political science , law , finance , politics
In this paper, we study information asymmetries about verifiability between a principal and an agent. Our main result is that an information asymmetry about verifiability not only reduces the usefulness of a given performance measure for stewardship purposes, it can completely destroy that performance measure's usefulness.
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