Chapter7
Signaling and Imperfect Info
In This Chapter
- Knowing when education is worth it
- Recognizing which signals are reliable
- Driving out the good with the bad
- Using signals as part of a general strategy
At a couple of junctures thus far, I have suggested that one or both players might profit from being able to send a signal of some sort. In this chapter I explain a variety of signaling games and help you decide whether signaling can lead to an advantageous outcome. In addition you get a chance to scrutinize and better understand certain commonplace behaviors by considering them as signaling strategies.
The Costs of Signaling
We all know ...
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