There is a very nice and closely related paper with the excellent title “Too Cool for School? Signaling and Countersignaling,” summarized here:
http://www.zhongwen.com/cs/index.html
Somebody I know once conjectured that this story might not work if there were a continuum of types instead of discrete types. I don’t know if anyone has ever worked that out.
There is a very nice and closely related paper with the excellent title “Too Cool for School? Signaling and Countersignaling,” summarized here:
http://www.zhongwen.com/cs/index.html
Somebody I know once conjectured that this story might not work if there were a continuum of types instead of discrete types. I don’t know if anyone has ever worked that out.