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Overcoming Bias Commenter's avatar

I think the problem is not in HOW we signal but in WHAT we signal. The consumer culture makes us emphasize signaling for wealth, individuality, status, etc. Signaling for these things doesn't help build are relationship with people - something that gives us more happiness. We would be better off if we signaled for more "natural" things that Miller delineates. More natural signals would me more efficient in the sense that they give more happiness.

Does this mean that we should tax conspicuous consumer products? Not necessarily. We need to discourage products that signal for things that won't make us as happy and encourage those that do.

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Robin Hanson's avatar

Eric, my goal is not just to have a convenient belief; I need to ask if I have any evidence for that belief.

Yvian, money is obtained from time spent; so ultimately money and discussion signaling are spending the same resource. The question is how much you get out of the process aside from jockeying for rank. In the quote you cite, I interpret Frank as making an incidental comment which doesn't fit in his main argument.

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