[Link] How Signaling Ossifies Behavior

Here is a new post at EconLog in which Bryan Caplan discusses how signalling contributes to the status quo bias.

The lesson: In the real world, signaling naturally tends to ossify behavior—to lock in whatever the status quo happens to be. If you’re an optimist, you can protest, “It’s only a tendency.” But even an optimist should admit that this tendency leads to atypically slow and unreliable progress.