maker. Do groups effectively aggregate information when the individuals are the flawed, non-Bayesian decision makers that … groups are able to overcome biased individual information processing. The experiments show that under certain conditions … information increases. For certain problems, majority rule effectively aggregates individual information. For the most difficult …

asymmetry. In this paper I show that if there is a signaling technology which is sufficiently strong (i.e., the marginal cost of … signaling declines sufficiently rapidly with quality) the cost of sorting is low and a Nash equilibrium exists. Empirically … constraints are added to a signaling model there is a minimum signaling threshold. Finally I argue that these conclusions hold …

, potential bias from unobserved heterogeneity and selectivity and consider the core issue of studentsﾒ information on benefits …

. We also study the informative role played by producers (lobbies) in revealing valuable information. We find that … producers reveal more information when the effects of harmful consumption on health are long lasting. Our results are robust to …

broadly. I argue that PIAAC can be used to construct direct, country-level measures of the "skill transparency" or "signaling … the internal skills homogeneity of educational groups as a second dimension shaping the signaling value of educational … negatively associated with standardization of input (e.g., curricula, textbooks). [CONCLUSIONS:] The signaling value of …