Have you ever thought "That person / company / etc. is being irrational" ... and then when you dug into the details, realized you were wrong -- that their strategy actually made sense, or that their goals were different than you assumed? I'd be interested to hear examples!
Most things that seem irrational don't seem so irrational once you understand signaling theory.
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You must be right! Is there book about this that I should read?
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Elephant in the Brain by
@robinhanson. Or any of my books really. - 1 more reply
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Yes, such as when people add theory to the end of a word to make it sciency! — signalling, and the harmless errors picked on in Nudge and so on are usually explained by ‘satisficing’
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In other words, when it's not immediately obvious why a person made some choice, do NOT assume the person is an idiot. Consider, instead, that they might know something that you don't. Unless the person in question happens to be a CEO! Then it's signaling theory to the rescue!
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