Scribd Logo
Upload

Welcome to Scribd!

  • Asymmetric Information.

    Uploaded by

    Serge Bin
    6 views1 page
    This document discusses whether anti-virus software is worth purchasing for consumers looking to protect their PCs from malware. While anti-virus packages claim to offer protection tools, the document questions if they are actually necessary given that Windows Defender provides free protection on Windows machines. It describes the buyer-seller relationship around anti-virus software as an asymmetric situation, advising consumers to seek advice from experts or reputable online sources before purchasing anti-virus to improve their information about the product.

    Original Description:

    Original Title

    Asymmetric_information.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document discusses whether anti-virus software is worth purchasing for consumers looking to protect their PCs from malware. While anti-virus packages claim to offer protection tools, the document questions if they are actually necessary given that Windows Defender provides free protection on Windows machines. It describes the buyer-seller relationship around anti-virus software as an asymmetric situation, advising consumers to seek advice from experts or reputable online sources before purchasing anti-virus to improve their information about the product.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Asymmetric Information.

    Uploaded by

    Serge Bin
    This document discusses whether anti-virus software is worth purchasing for consumers looking to protect their PCs from malware. While anti-virus packages claim to offer protection tools, the document questions if they are actually necessary given that Windows Defender provides free protection on Windows machines. It describes the buyer-seller relationship around anti-virus software as an asymmetric situation, advising consumers to seek advice from experts or reputable online sources before purchasing anti-virus to improve their information about the product.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Inquiry case example - Is anti-virus software a rip-off?

    As an average consumer, you are desperate to keep your expensive PC


    away from malware. Like so many people you decide to pay $80 for the
    latest version of Norton 365 or McAfee. But is this new software worth
    it? How do you know if it is protecting your computer? Indeed, putting
    third-party anti-virus software on your PC might actually damage it.
    Many of the antivirus packages available do offer tools to defend your
    PC, but chances are you can get good protection for your PC for free.
    Microsoft Windows machines offer Windows Defender for free.

    This is a classic asymmetric situation, and you need to do your homework


    to deal with it. Seeking third-party advice from a computer expert or using reputable online
    computer advice would be a good approach before buying antivirus software.

    Question
    a. Using a diagram explain why anti-virus software is an example of asymmetric information. [4]

    b. Explain how buyers of anti-virus software might try to improve the information they have
    about the product by using screening. [4]

    You might also like