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economics (105) education (93) game theory (27) Robin Hanson (20) signaling theory (11) signaling (10) social class (7) The Art of Strategy (5) college education (3) conspicuous consumption (2)

What Is Signaling, Really?

Scott defines signaling and explains how it works through examples ranging from college degrees to diamond necklaces, emphasizing both its necessity for conveying credible information and its potential for wasteful resource destruction.

lw
Jul 12, 2012 1,889 words 149 likes 173 comments Read Read Opened Opened
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