Pooling equilibrium

These signals are based on privately held information, which is not known to others in the game.

In a pooling equilibrium, all types of a given sender send the same signal.

Some senders represent their true type, while others correctly mimic the type of others, having no incentive to differentiate themselves.

As a result, the receiver acts as if they have received no information, maximizing their utility according to their prior beliefs.

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