This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Signals can help prevent adverse selection as long as a false signal is costly to the person sending ... (Read 59 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
on: Jul 1, 2018
Signals can help prevent adverse selection as long as a false signal is costly to the person sending it.
 
  What will be an ideal response?

Question 2

Screening is the action
 
  A) taken by an informed person to determine the information possessed by uninformed people.
  B) taken by an uninformed person to determine the information possessed by informed people.
  C) taken to offset signaling.
  D) that is cheaper and more effective than cheap talk.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Chocorrol77

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jul 1, 2018
Answer to Question 1

True. If false signals can be made at little cost to the perpetrator, the signals are meaningless. Signals are believed only when they are credible.

Answer to Question 2

B


wrbasek0

  • Member
  • Posts: 560
Reply 2 on: Jul 1, 2018
Excellent

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Disruptive selection. Disruptive selection.
Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba
A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per
A pleasant smile can go a long way, even through telephone lines. A pleasant smile can go a long way, even through telephone lines.
Common Serious Adverse Drug Reactions Common Serious Adverse Drug Reactions
Ayurvedic massage. Long sweeping stroke from foot around shoulder and down the arm, recipient prone. Ayurvedic massage. Long sweeping stroke from foot around shoulder and down the arm, recipient prone.
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library