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An agent who is imperfectly informed about his binary quality can voluntarily participate in a test that generates a public signal.
The underlying concern is that imperfectly informed and imperfectly rational consumers might fail to fully comprehend the costs and benefits of the product or service that they are purchasing.
We show that nonbinding law can have a constraining effect on political leaders, because legal compliance is a costly signal to imperfectly informed voters that the leader is unbiased.
Job seekers are typically imperfectly informed about a hiring organization (Rynes and Miller 1983).
Suppose there are N supermarkets offering a homogeneous good (a basket of groceries) to imperfectly informed consumers at a particular location.
In his procedure the agents initially are imperfectly informed but gradually learn about each other to predict future behaviors of others.
Similar(51)
He has also, however unevenly and imperfectly, supplied enough synthesis and analysis to make that judgment genuinely informed.
Become informed.
Stay informed.
Newspapers inform.
To inform?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com