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Bayesian Updating in a Separating Equilibrium Implies the Initially Uninformed

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Bayesian updating in a separating equilibrium implies the initially uninformed player will fully know what type he is playing when he has to make his move.


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Information about reactions to a product, a person's performance of a task, etc., used as a basis for improvement.

Decoding

The process by which a receiver interprets and understands the message sent by a sender.

Communication Process

The series of steps through which information is conveyed from a sender to a receiver.

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