Study Notes
Information Failure
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 3 Jul 2018
Information failure occurs when people have inaccurate, incomplete, uncertain or misunderstood data and so make potentially 'wrong' choices.
![](https://tutor2u-net.imgix.net/subjects/economics/micro_information_gaps.jpg?auto=compress%2Cformat&fit=clip&q=80&w=800)
![](https://tutor2u-net.imgix.net/subjects/economics/micro_information_failure.jpg?auto=compress%2Cformat&fit=clip&q=80&w=800)
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