Assumption P1(a) on page 18 says that a low-ability D needs more help to figure out the content of information. It makes sense that it ensures that seeking is a signal of low ability, but why low-ability type is more likely to exceed the seeking signal? Thanks!
Assumption P1(a) on page 18 says that a low-ability D needs more help to figure out the content of information. It makes sense that it ensures that seeking is a signal of low ability, but why low-ability type is more likely to exceed the seeking signal? Thanks!