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An example of screening is a company spending a large sum on advertising to convey the high quality of its product.
Screening
The process of evaluating and filtering candidates or applicants based on specific criteria to identify the most suitable ones.
Advertising
A form of communication aimed at promoting or selling a product, service, or idea through various media channels to influence consumer behavior.
High Quality
A description of goods or services that meet or exceed consumer expectations in terms of performance, durability, and reliability.
- Learn about behavioral economics concepts such as time inconsistency, satisficing, adverse selection, and screening as they apply to both individual and political decision making.
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Learning Objectives
- Learn about behavioral economics concepts such as time inconsistency, satisficing, adverse selection, and screening as they apply to both individual and political decision making.
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