theoretically in a Diamond-Dybvig setup that without this signaling option multiple equilibria are possible, while signaling makes … indeed when signaling is available, bank runs are less likely to arise and signaling is extensively used. …

information, have to rely on the observed behavior of their adult parent to infer the norm. We show that this causes a signaling … distortion in adult behavior. Compared to the benchmark case of no signaling, parents have a higher propensity to adopt attitudes … of interest between sender and receiver in standard signaling games. The norm-signaling bias is self-reinforcing and …