Signalling (or signaling; see spelling differences) is a theory of decision-making and communication under imperfect or incomplete information. It describes situations in which a signaler uses observable actions, attributes, or communications (signals) to convey credible information about otherwise unobservable qualities to a receiver.
Signalling (or signaling; see spelling differences) is a theory of decision-making and communication under imperfect or incomplete information. It describes situations in which a signaler uses observable actions, attributes, or communications (signals) to convey credible information about otherwise unobservable qualities to a receiver.
Source: Wikipedia "Signalling (economics)" · CC BY-SA 4.0
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