If a pooling equilibrium is played in a signaling game, the receiver will update her beliefs about the sender before settling on her best option.
Answer the following statement true (T) or false (F)
False
Rationale: In a pooling equilibrium, both sender types send the same signal -- and thus no new information is conveyed to the receiver when the sender chooses an action. Thus, no updating of beliefs can occur.
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The Industrial Revolution
A) marked the beginning of significant economic growth in the world. B) produced goods exclusively using human or animal power. C) had no impact on standards of living in the world. D) started in France around the year 1750.
GDP per capita is:
A. highly correlated with quality of life. B. perfectly correlated with quality of life. C. loosely correlated with quality of life. D. negatively correlated with quality of life.
If disposable income rises by $100 billion, we can expect that consumers will
A. increase their saving by $100 billion. B. increase their spending by $100 billion. C. increase their spending by more than $100 billion. D. increase their spending by less than $100 billion.
In the balance of payments, any transaction that leads to a receipt by a resident of a country is a
A. surplus item. B. deficit item. C. debit item. D. minus item.