Nuances of The Evolutionarily Stable Strategy in Vampire Bats
Pretend for a second that you are a vampire (bat) that needs to drink (usually, animal blood) every two nights to survive. Each night, only ⅔ of the population successfully feeds and ⅓ go hungry. After returning to your roost, you have the option to either share what you foraged with others or to withhold. […]
The Power of The Education Signal
In economics, the Signalling Theory was first discovered by Michael Spence. Spence experimented and found a positive correlation between an agent’s (educational) credentials and a principal’s belief/judgment towards the agent’s capabilities. In simple words, someone with an (objectively) good educational background is seen as more capable to other parties than someone without (objectively) good education. […]
What is more powerful: more followers or following?
In chapter 12, “The goal is to understand power not just as a property of agents in economic settings, or in legal or political settings, but in social interaction more generally — in the roles people play in groups of friends, in communities, or in organizations. A particular focus is on the way in which […]