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Lecture 23 - Asymmetric Information: Silence, Signaling and Suffering Education

Studies communication under asymmetric information, contrasting verifiable disclosure with costly signals and discussing education as a signalling example.

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Why it is here

A route into evaluating messages by the sender’s incentives. Treat the education example as a specified model, not a verdict on every purpose of education.

Selection basis: institutional collection. Reason checked 2026-11-07 by agent.

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Level basis
Editorial judgement: the official course requires introductory microeconomics and uses one-variable calculus, probability and expectation. The introductory subject title does not mean that no preparation is needed.
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Provenance and reuse

Open Yale Courses; original source https://oyc.yale.edu/economics/econ-159/lecture-23. Link by default. Source terms require credit to original faculty, Yale and the course URL, plus licence. Inspect individual credits before copying. Commercial reuse and third-party assets require separate review.. Links, factual metadata and original navigation annotations only. No source page, transcript, image, video or restricted platform metadata is included in the reusable export.

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    Official lecture Overview paragraph. Transcript is linked or included on the page but was not read in full; video not viewed. Retrieved 2026-11-07.

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    About the Course and Requirements sections read, including explicit mathematics and economics prerequisites. Retrieved 2026-11-07.

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