In asymmetric information models of financial markets, prices reveal private information held by traders. The insiders will manipulate the information of the market prices for private profit.
在不对称信息的金融市场模型里，价格反映了交易者持有的私有信息，知情交易者为了获取高额收益会操纵市场价格信息。
The study of asymmetric information gives us new reason to be wary of markets.
不对称信息的研究给了我们一个留心市场的新理由。
Because of the ex post asymmetric information, moral hazard problems often arise in credit markets. A natural explanation for the use of collateral is the existence of the moral hazard problems.
由于事后不对称信息的存在，在信贷市场中道德风险问题经常发生，而使用抵押则普遍存在道德风险问题。
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