Research in the News
Professor Michael Spence's research on signaling
— February 3, 2017
Excerpt from the Harvard Business Review -- "Stripped to its essentials, the Spence signaling model simply requires that there be a link between a desirable yet hidden attribute and the cost of doing something. And that something can be anything, as long as everyone knows it’s cheap for the smart and virtuous to do it, and difficult for anyone else."