Examlex
What is clustering?
Signaling Theory
A theoretical framework suggesting that people signal their ability or quality through actions or investments, which others interpret to make informed decisions.
Efficiency Wages
A theory suggesting that higher wages can lead to increased productivity by improving worker morale, reducing turnover, and attracting more skilled employees.
Signaling Theory
A concept in economics and game theory that explores how parties communicate their quality or intent through decisions or actions that incur a cost or carry an inherent message.
Abelam People
An ethnic group living in the East Sepik province of Papua New Guinea, known for their elaborate yam festivals and ceremonial houses.
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