While the advent of the internet led to the democratization of information, social platforms are leading to the democratization of influence.
Information asymmetry is when one party in a transaction has more and/or better information than the other. Think of purchasing a home or a used car. The seller usually has more and better information about the condition of the home or car – how the previous owners cared for it, and whether or not there are any hidden issues. In days past, the seller also had more information on what the market thought the actual value of the home or car being sold was than a buyer did.
Information asymmetry creates an imbalance of power during the transaction and the party with the more information generally does better. Taking advantage of the asymmetry of information has long been a business model for large businesses to compete – that is, until the internet came along.




How does peer support and social identity relate to 

