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Caesar's Pirate Ransom Anecdote
- Julius Caesar was captured by pirates who demanded 20 talents of silver for ransom.
- Caesar demanded they increase it to 50 talents, signaling his higher worth and confidence.
Power of Costly Signaling
- Costly signaling conveys value proportionate to its expense.
- Caesar's expensive parties and high ransom requests boosted his reputation effectively.
Caesar's Lavish Public Acts
- Caesar spent beyond his means hosting lavish parties and funerals as costly signals.
- This risky behavior built his popularity despite his limited wealth.
