Social ties often seem symmetric, but they need not be. For example, a person might know a stranger better than the stranger knows them. We explored whether people overlook these asymmetries and what consequences that might have for people’s perceptions and actions. Here we show that when people know more about others, they think others know more about them. Across nine laboratory experiments, when participants learned more about a stranger, they felt as if the stranger also knew them better, and they acted as if the stranger was more attuned to their actions. As a result, participants were more honest around known strangers.