We are constantly being bombarded with new information. These info are often biased and we, the information recepians, are often not aware of these biases. Just like to share some recent incidents that highlighted the information asymmetry we face.

Incident 1

There have been widespread reporting on the charges a well-known surgeons charged the family of some royalties. Focus has been placed on the amount she had charged. Whenever there was any private discussion on this, the direction have always been that the surgeon was wrong to charge that kind of money. However, my view has been altered after talking to a client who had once served the royal family. Based on his experience, the charges may not be unreasonable. I shall leave out the details for obvious reasons.

From talking to someone with first-hand experience, I have a more complete and balanced view of the matter now compared to ...