13. Whom Can You Trust? Signaling and Screening Flashcards
1
Q
What is signaling?
A
Conveying information to other players
2
Q
What is screening?
A
Trying to discover / verify information
3
Q
What is a semiseparating equilibrium?
A
You can deduce the other player’s type sometimes but not all the time
4
Q
What is a separating equilibrium?
A
All types take different actions
5
Q
What is a pooling equilibrium?
A
All types take the same actions
