@article{eprints3870, author = {Ennio Bilancini and Leonardo Boncinelli}, pages = {141--150}, publisher = {Elsevier}, volume = {145}, journal = {Journal of economic behavior \& organization}, year = {2018}, title = {Signaling with costly acquisition of signals}, abstract = {In this paper we investigate the consequences of introducing a cost to observe the signal in an otherwise standard signaling game. Beyond identifying equilibria, which we contrast with those of a standard signaling game, we study their robustness to two important classes of refinements: acting through restrictions on out-of-equilibrium beliefs and through trembles. Our results suggest that more prominence should be given to the pooling outcome on the minimum signal.}, url = {http://eprints.imtlucca.it/3870/}, keywords = {Costly cognition; Costly signal acquisition; Pooling; Equilibrium refinements; Forward induction; Trembles} }