Question: please help find equilibrium. perhaps Bayes' rule would be best for this problem. 5. Consider the job-market signaling game represented in the extensive form below.

please help find equilibrium. perhaps Bayes' rule would be best for this problem.

please help find equilibrium. perhaps Bayes' rule would be best for this

5. Consider the job-market signaling game represented in the extensive form below. 11, 10 m m 9. 10 F N WH E F i(r ) (g) 4. 4 H C (1/2) 2.4 11, -1 m L (1/2) 3. - 1 i(1-F) (1-7) N WL E 4.4 C , 4 This is similar to the examples we considered in class. The worker is high ability with probability 1/2 and is low ability with probability 1/2. The high ability worker bears a cost of 4 to obtain an education, and the low ability worker bears a cost of 7. (a) Describe a signaling equilibrium in which the high-ability worker ob- tains an education and the low-ability worker does not. (b) Describe a pooling equilibrium in which both types of worker do not obtain an education

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