smartest people. This makes everyone want to go to the tower, which enables somebody to set up a fence around the tower and charge hundreds of thousands of dollars to let people. Kindle, or the Kindle app on your phone. In other words, the signaling equilibrium is a two-factor market in which the stable point, Tower One, is cemented in place by the individually best choices of two different parts of the system. Eliezer makes the assumption that only unusually rational people will read this book (and the preliminary hidden assumption that hes rational enough to be able to make these determinations). My father used to get roped into going to time-share presentations.
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Big Wall Street banks have people who are at least as smart as your uncle, and who will notice before he does whether stocks are underpriced. Or: suppose you think that US cities dont have good mass transit. Suppose you want to sell a used car, and Im looking for a car to buy. I tweet several times a week about other things under @kevin2kelly. Every time, he would come out really convinced that a time share was the most amazing purchase in the world and he needed to get one right away. All the sick people would go to them, they would make lots of money, investors would trip over each other to fund their expansion into new markets, and eventually they would take over health care and be super rich.