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41: Hidden Motives in Everyday Life. The Elephant in the Brain by Kevin Simler and Robin Hanson

Made You Think

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Why Do People Wear Expensive Watches?

A lot of our behaviors can be explained by competitive signalling. You're usually signalling, not to people who live and are from boly, but you're signalling to people i the us. Why do people wear expensive watches or drive fancy cars? Riady to signal that you have money! And that actually makes luxury consumption make so much more sense.

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