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In the signaling model, each student has a hidden quality—future work productivity—that prospective employers are eager to know.15 But this quality isn’t something that can be observed easily over a short period, for example, by giving job applicants a simple test. So instead, employers use school performance as a proxy.

The Elephant in the Brain

Kevin Simler and Robin Hanson

Whoever then wishes to be free let him neither wish for anything nor avoid anything which depends on others: if he does not observe this rule, he must be a slave.

Enchiridion (With a Selection From the Discourses) [Translated by George Long With an Introduction by T. W. Rolleston]

Epictetus, T. W. Rolleston, and George Long

DEFINITION OF A SPORTS CAR: A HEDGE AGAINST THE MALE MENOPAUSE.

The Right Stuff

Tom Wolfe

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