{"id":92663,"date":"2026-04-06T16:30:28","date_gmt":"2026-04-06T21:30:28","guid":{"rendered":"http:\/\/www.kateva.org\/sh\/?p=92663"},"modified":"2026-04-06T16:30:28","modified_gmt":"2026-04-06T21:30:28","slug":"there-is-a-fundamental-conflict-between-the-efficiency-with-which-markets-spread-information-and-the-incentives-to-acquire-information","status":"publish","type":"post","link":"http:\/\/www.kateva.org\/sh\/?p=92663","title":{"rendered":"&#8220;there is a fundamental conflict between the efficiency with which markets spread information and the incentives to acquire information.\u201d"},"content":{"rendered":"<p><a href=\"https:\/\/mattdpearce.substack.com\/p\/the-simple-economic-paradox-wrecking\">https:\/\/mattdpearce.substack.com\/p\/the-simple-economic-paradox-wrecking<\/a><\/p>\n<p>&#8220;&#8230;  Grossman-Stiglitz Paradox &#8230; Important or valuable information can be costly to obtain or produce &#8230; information gets transmitted to the rest of the marketplace when the information producers can exploit a market opening &#8230;  the more widely distributed information becomes in a marketplace, you\u2019re likelier to lose your money if you keep investing in producing high-quality information. So everyone stops producing new information&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>https:\/\/mattdpearce.substack.com\/p\/the-simple-economic-paradox-wrecking &#8220;&#8230; Grossman-Stiglitz Paradox &#8230; Important or valuable information can be costly to obtain or produce &#8230; information gets transmitted to the rest of the marketplace when the information producers can exploit a market opening &#8230; the more widely distributed &hellip; <a href=\"http:\/\/www.kateva.org\/sh\/?p=92663\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[28,40],"class_list":["post-92663","post","type-post","status-publish","format-standard","hentry","category-share","tag-ifttt","tag-pinboard-jgordon"],"_links":{"self":[{"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/posts\/92663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92663"}],"version-history":[{"count":1,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/posts\/92663\/revisions"}],"predecessor-version":[{"id":92664,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=\/wp\/v2\/posts\/92663\/revisions\/92664"}],"wp:attachment":[{"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92663"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.kateva.org\/sh\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}