-entry learning and can be directed to analyze Bayesian rational or biased entrepreneurs. The model suggests that, to outside … whose biases cause them to perform the worst post-entry will be most likely to enter, that pre-entry learning induces a … performance may also be the result of heterogeneity in the length and quality of pre-entry learning during which an opportunity is …

learning indicates a low value of job market signaling. The claim is first discussed intuitively in light of Spence’s original … indicates that, if employer learning is incomplete, a high speed of employer learning is not necessarily indicative of a low …