2015
DOI: 10.1016/j.anbehav.2015.09.011
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Why are signals reliable? Honesty depends on costs, sometimes

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Cited by 3 publications
(3 citation statements)
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“…While risked and forgone capital are only “potential,” not “realized” (spent), costs—leading many to dismiss them as beyond the scope of costly signaling—we suggest that such costs are in fact compatible with signaling theory and may often be crucial elements of many signaling systems. The vast economic literature on risk and uncertainty already demonstrates the importance of potential costs in shaping behavior.…”
Section: Signaling Frameworkmentioning
confidence: 79%
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“…While risked and forgone capital are only “potential,” not “realized” (spent), costs—leading many to dismiss them as beyond the scope of costly signaling—we suggest that such costs are in fact compatible with signaling theory and may often be crucial elements of many signaling systems. The vast economic literature on risk and uncertainty already demonstrates the importance of potential costs in shaping behavior.…”
Section: Signaling Frameworkmentioning
confidence: 79%
“…Costs need not be limited to those entailed in the immediate production of the signal. Some costs may instead be ongoing, periodic, or delayed, and other costs may never be realized . To emphasize the different ways in which costs may be paid, we distinguish between capital that is spent, risked, and/or forgone (Figure ).…”
Section: Signaling Frameworkmentioning
confidence: 99%
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