# Prof. Michael Spence's theory of economic signaling is higlighted

1 Faculty News May 23, 2014 ![Forbes logo](/sites/default/files/styles/246w/public/assets/images/con_030508.jpg?itok=SId6k3bx)>

Excerpt from [Forbes](http://www.forbes.com/sites/phillipmiller/2014/05/23/winning-and-college-degrees-do-teams-with-more-college-grads-win-more-often/) -- "One theoretical economical model that comes to mind that supports Kelly’s belief is [Michael Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence)’s signalling model of education. In this model, a person with high ability, ability that cannot be directly observed by prospective employers, looks for some way to signal that ability to differentiate himself from lower ability competitors."

[Read more](http://www.forbes.com/sites/phillipmiller/2014/05/23/winning-and-college-degrees-do-teams-with-more-college-grads-win-more-often/)