Likely, like pretty much all verbal/signaling behavior this is self-referential. Our promises are too our selves mainly and self-syntonic. Another way to maintain homeostasis internally -- maybe a little socially as well.
I thought the whole point of signalling was that it was costly and thus contains accurate information. Cheap talk which anyone can do is then simply "noise" rather than signal. So what's going on here?
Likely, like pretty much all verbal/signaling behavior this is self-referential. Our promises are too our selves mainly and self-syntonic. Another way to maintain homeostasis internally -- maybe a little socially as well.
TGGP, if people get upset when you break your promises, promising more does cost you more, so there is a credible costly signal here.
I thought the whole point of signalling was that it was costly and thus contains accurate information. Cheap talk which anyone can do is then simply "noise" rather than signal. So what's going on here?