Catégorie
Spence
1 articles
Why Labels No Longer Convince Anyone
Michael Spence (Nobel 2001), costly signaling, and what separates proof from a promise: why a label anyone can slap on no longer signals anything — and how proof changes the game.
Catégorie
1 articles
Michael Spence (Nobel 2001), costly signaling, and what separates proof from a promise: why a label anyone can slap on no longer signals anything — and how proof changes the game.