High ROI Data Science • 119 implied HN points • 29 Oct 24
- Information asymmetry is when one group knows more than another. This can create unfair advantages in social systems and businesses.
- The Werewolf Game illustrates how a small, informed group can control the majority. This game teaches us about strategy and deception in group dynamics.
- To protect ourselves from manipulation, we need to build mental firewalls. Knowing about information asymmetry helps us fight back against unfair advantages.