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Robin Hanson's avatar

Ben, I'm not saying everyone in a poor society avoids all risks. The key word is "unnecessary" - as you note leaders tend to take unnecessary risks, which my theory predicts as a way to signal their relative strength.

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Overcoming Bias Commenter's avatar

I'm surprised I haven't been able to find a general journal on status or hierarchy, or a recent overview textbook on those topics. This is the closest I found, a recent book (2008) by an academic (Polodny) that claims to provide an overview/general theory of how status signalling effects economic decision-making. I'm curious if Robin or any other commenters have read it?

http://econpapers.repec.org...

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