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The Role of Social Signaling in the Making of Choices
The normative framework focuses on a set of norms rather than a specific approach, emphasizing that outcomes are determined by the interaction of these norms. The speaker believes in providing quality education through the state while recognizing the importance of individual choices. The decisions of seeking public goods through market or state are influenced by social contexts and social signaling, which also shape markets. The speaker emphasizes understanding the logical thread and design principles behind policy choices to predict and guide the outcomes effectively, rather than making compromises without considering the interactions of different signals.