Signalling and For-Profit Colleges February 2, 2009
Posted by tomflesher in Uncategorized.Tags: economics, Economics haiku, higher education, human capital, Sheepskin effect, Signaling, Signalling
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Signalling in economics is the idea that, given imperfect information and a cost to disseminate that information, there are ways for high-quality agents to show (signal) others of their high quality.
This fellow doesn’t know it, but he’s trying to break signalling theory. Can he succeed? I don’t think so. My reasoning (second-order signalling) and a haiku behind the cut.
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