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Can the Nod Deliberateness of Status Seeking Be Sustained in the Longer Run?
If you're too obviously, throwing money around to look like a high status person, you don't look high status. People figure out those are the casual, indirect signals for something that is actually somewhat grossly low status. So how does the equilibrium keep in place? Doesn't everyone figure out that the casu behavior is totally deliberate? Well, yes, but i guess it depends on, like, who's the everyone in that audience....