Future IQ

Why People Buy Insanely Expensive Things? Costly Signaling


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Why rich people buy paintings, and why some rich people are cheap? The answer lies in a concept called social signalling. Let's see what

exactly is signalling and how costly signalling affects the behavioural psychology of an individual. While doing so, we will also figure out why
poor people buy expensive things and all the other social signals that you would otherwise ignore.
Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us
up on Twitter:
@ngkabra http://twitter.com/ngkabra
@shrikant https://twitter.com/shrikant
Listen it on the podcast provider of your choice: https://tapthe.link/FutureIQRSS
Watch other episodes: https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v
Links referred in the video:
Navin's GitHub profile: https://github.com/ngkabra
Costly signaling as a nuclear strategy: https://youtu.be/t6tr-SK1Cf4
Chapters:
00:00 Introduction
00:28 Signaling basics
02:05 How it works?
04:09 Burj Khalifa & signaling
05:50 Costly signaling in real life
07:47 Costly signals
09:25 International relations & signals
10:45 How it helps you?
11:35 Why rich people stay cheap?
#futureiq #signaling


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Future IQBy Videoschool Media