Datapoint: I got the point about challenge equilibria being the place where everyone has to start fighting and taking risks. However I thought that ‘concession’ referred to the employers making concessions to weaker candidates, by hiring some. I suppose the paper’s explanation makes more sense.
I think simply explaining that in the OP would have helped
Datapoint: I got the point about challenge equilibria being the place where everyone has to start fighting and taking risks. However I thought that ‘concession’ referred to the employers making concessions to weaker candidates, by hiring some. I suppose the paper’s explanation makes more sense.