Fascinating to me that coffee--how you prepare it and where you buy--it has become such an important source of virtue signaling about one's values and sophistication. Beer, too, to some extent, and wine, of course, in the past. But the variations for home prep makes coffee, king.
The economics of virtue signalling could be an entire subfield of economics. Unfortunately probably one with a big future. Though perhaps studying how virtue signalling works would in a sense "unmask" it and make people less inclined to do it.
-
-
Studying virtue signaling could only become an econ subfield if it could be done with sophisticated mathematical or statistical tools, else publishing in the field wouldn't help an economist's career.
-
Fortunately, economics shows you can study anything with sophisticated mathematical tools.
- Show replies
New conversation -
-
-
Agreed Paul, does the economic of Veblen goods explain most of it?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Check out "The Handicap Principle" Signaling seems irrational but it's often efficient.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
It already is a field in Econ. Spence won a Nobel prize for it in 2001. A good chunk of the theory is quite well developed. I agree there’s lots of scope to apply it in new situations. Khaneman’s work has unfortunately shown that being aware of it doesn’t nec reduce it though
-
@KevinSimler &@robinhanson go in a similar direction with "Elephant in the Brain" - Show replies
New conversation -
-
-
Isn’t that just social psych/behavioral econ?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Packaged transactional virtue signaling -https://www.youtube.com/watch?v=P18UK5IMRDI …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Is that the goal? Expose people who choose to try to source their coffee ethically and beer locally so they’ll go back to Folgers and Coors?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
We’d love to have economists join the research program. Philosophers and psychologists have been working on this and we’d love to hear what you think.https://journals.plos.org/plosone/article?id=10.1371%2Fjournal.pone.0223749&fbclid=IwAR0Va5sQtJ08PP20QTLbltsD5gTXwsjU8LY6qv-L_bniJk5UXEqVeYKeLio …
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.