Self-Signaling: Why Wearing Fakes Makes us Cheat More
In economics we define signaling, in simple terms, as a message sent to a receiver containing information about the party sending it, which is assumed to be credible. A well-known example is sending signals with education. When you walk into a doctors office and see his framed diplomas from prestigious medical schools you trust him more. These diplomas are a signal from the doctor to the patient about their credibility and ability to perform. But this definition involves two parties, one sending and one receiving the information. A concept that is largely overlooked in the field of economics is “self-signaling”. Continue reading Self-Signaling: Why Wearing Fakes Makes us Cheat More