Archive for September 8th, 2009

Grand Unified Theory (GUT) = Signaling theory + Incentive theory

My previous post on Signaling theory
My previous post on Incentive theory
The two posts above over the past couple of weeks were essentially intended to explain the Grand Unified Theory (hereby referred to as GUT). So, what is GUT?
Signals and Incentives are intertwined with each other. I’d say, if incentives are to be secured, then sending [...]