How to Play: Signal

Signal Stack - Train dispatch game

Behind the scenes: Signalling

4. Screening & Selecting Studies

5) [ 15 pts. ] Job Market Signaling GameConsider the following sequential move game with incomplete information. A worker privately observes whether he has a High productivity or a Low productivity, and then decides whether to acquire some education that he will be able to use as a signal about what his productivity level is. The firm that is thinking of hiring him can either hire him as a manager (M) or as a cashier (C), but the firm does not observe the real productivity level of the worker. T

Consider the following labor market signaling model. A worker w... | Filo