Remuneration Of The Nerds, Or “Putting the $$ in LaTeX”
I’ve been thinking a lot about signaling lately. The central idea of signaling is hidden (or asymmetric) information. A classic example of signaling is provided by education, or more specifically, “the degree.” Suppose for the sake of argument that a degree is valuable in some intrinsic way: a college degree is arguably worth $1.3 million in additional lifetime … Read more