Mattozzi, Andrea; Iaryczower, Matias - Society for Economic Dynamics - SED - 2009
In conclusion, we show that the expected quality of an Agent conditional on a $d= (0,0) $ record is always above the expected quality of an untested agent. On the other hand, the expected quality associated with a record of $ (1,1) $ is below the expected quality of an untested agent for a large...