Researchers commonly “shrink” raw quality measures based on statistical criteria. This paper studies when and how this transformation's statistical properties would confer economic benefits to a utility‐maximizing decision‐maker across common asymmetric information environments. I...

Fifty two foster parents participated in one of seven offerings of a two-and-a-half hour training on the issue of children caught in a loyalty conflict. Prior to the training foster parents completed a measure of their demographics, receptivity to learning about the issue, and their knowledge...