3. Review the College Signaling Game from Problem 5 at the end of Chapter 11 (pages 441-442). Is there a pooling equilibrium in this game? If so, describe it and if not, explain why not. (5 points)

probability b. 5. We'll now show how a college degree can get you a better job even if it doesn't make you a better worker. Consider a two-player game between a prospective employee, whom we'll refer to as the applicant, and an The College Signaling Game Nature Low Moderate High Applicant College No College No College No college college college Employer Manager Clerk Manager Clerk Manager Clerk Manager Clerk Manager Clerk Manager Clerk Applicant 9 4 15 10 11 15 10 13 15 10 Employer 4 7 4 7 6 6 7 14 14