Information: Hard and Soft

  title={Information: Hard and Soft},
  author={J. Liberti and M. Petersen},
  journal={Microeconomics: General Equilibrium & Disequilibrium Models of Financial Markets eJournal},
  • J. Liberti, M. Petersen
  • Published 2018
  • Business
  • Microeconomics: General Equilibrium & Disequilibrium Models of Financial Markets eJournal
  • Information is a fundamental component of all financial transactions and markets, but it can arrive in multiple forms. We define what is meant by hard and soft information and describe the relative advantages of each. Hard information is quantitative, easy to store and transmit in impersonal ways, and its information content is independent of its collection. As technology changes the way we collect, process, and communicate information, it changes the structure of markets, design of financial… CONTINUE READING
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