In the 1970s, the zoologist Amotz Zahavi and the economist Michael Spence offered a provocative answer. They argued that the cost paid by the peacock (or the college graduate) is the whole point.
Their argument is a bit subtle, so it is worth carefully looking at how it works.
Communication is difficult because individuals have incentives to lie. Employers are looking for certain qualities (intelligence, conscientiousness, ambition) in their employees. They could ask the people they interview if they are intelligent and conscientious, but why wouldn’t the job candidates simply lie?
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“Here we go again, with your mixed signals and my second thoughts.”
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The idea is part of this collection:
Learn more about psychology with this collection
Understanding the importance of constructive criticism
How to receive constructive criticism positively
How to use constructive criticism to improve performance
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