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One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich. </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="23c07"></button> </li> </ul> <ul class="quotes-item__share" data-id="23c07" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/23c07/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Customers%20often%20value%20a%20good%20more%20when%20its%20price%20goes%20up.%20One%20reason%20may%20be%20its%20signaling%20value.%20An%20expensive%20handcrafted%20mechanical%20watch%20may%20tell%20time%20no%20more%20accurately%20than%20a%20cheap%20quartz%20model%3B%20but%2C%20because%20few%20people%20can%20afford%20one%2C%20buying%20it%20signals%20that%20the%20owner%20is%20rich.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F23c07%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/92/">People</a></li> <li><a href="/topic/855/">Up</a></li> <li><a href="/topic/11/">Time</a></li> <li><a href="/topic/57/">Good</a></li> <li><a href="/topic/1081/">May</a></li> <li><a href="/topic/240/">Value</a></li> <li><a href="/topic/3600/">Model</a></li> </ul>  </div> <ul class="nav-flipping"> <li><a href="/a500/0554/">Previous</a></li> <li><a href="/a500/26e43/">Next</a></li>  </ul> </div> <div class="index__social"> <a href="https://www.facebook.com/citatiscom/" class="i-fb" title="Like us on Facebook" target="_blank"></a> <a href="https://twitter.com/citatiscom/" class="i-tw" title="Follow us on Twitter" target="_blank"></a> <a href="https://www.instagram.com/citatis_com/" class="i-inst" title="Follow us on Instagram" target="_blank"></a> </div> <div class="banner--main">  <div id='div-gpt-ad-1539479904694-1'> <script> googletag.cmd.push(function() { var slot; var slotName = 'div-gpt-ad-1539479904694-1'; if (screen.width > 1000) { slot = googletag.defineSlot('/150025860/citatis-top', [[728, 90]], slotName).addService(googletag.pubads()); } else { document.getElementById(slotName).classList.add("banner--mobile"); slot = googletag.defineSlot('/150025860/citatis-top', [[336, 280]], slotName).addService(googletag.pubads()); } googletag.display(slotName); googletag.pubads().refresh([slot]); }); </script> </div> </div> <h2>Quotes to Explore</h2> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a2335/2fb/">Nobody has done more for me than my parents, who devoted untold amounts of time and money that allowed me to play the game I love. 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} else { document.getElementById(slotName).classList.add("banner--mobile"); slot = googletag.defineSlot('/150025860/citatis-top', [[336, 280]], slotName).addService(googletag.pubads()); } googletag.display(slotName); googletag.pubads().refresh([slot]); }); </script> </div> </div> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a534/2815/">I have dedicated many years to economic study, up to the Ph.D. level, to analyze and understand the inherent weaknesses of aid and why aid policies have consistently failed to deliver on economic growth and poverty alleviation.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a534/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/16/534.v6.jpg" alt="Dambisa Moyo"> </figure> <span class="cite-src" itemprop="name">Dambisa Moyo</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); 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So you work every day and my dad always said, 'No one can outwork you.'</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a4169/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/9/4169.v6.jpg" alt="Pat Summitt"> </figure> <span class="cite-src" itemprop="name">Pat Summitt</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="2d00"></button> </li> </ul> <ul class="quotes-item__share" data-id="2d00" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a4169/2d00/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=When%20you%20grow%20up%20on%20a%20dairy%20farm%2C%20cows%20don%27t%20take%20a%20day%20off.%20So%20you%20work%20every%20day%20and%20my%20dad%20always%20said%2C%20%27No%20one%20can%20outwork%20you.%27&url=https%3A%2F%2Fcitatis.com%2Fa4169%2F2d00%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/855/">Up</a></li> <li><a href="/topic/10/">Work</a></li> <li><a href="/topic/1612/">Dad</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a1130/21193/">A good catchword can obscure analysis for fifty years.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a1130/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/a/1130.v4.jpg" alt="Wendell Willkie"> </figure> <span class="cite-src" itemprop="name">Wendell Willkie</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); 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From the very beginning, I wrote to explain my own life to myself, and I invited readers who chose to make the journey with me to join me on the high wire.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a4364/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/c/4364.v4.jpg" alt="Pat Conroy"> </figure> <span class="cite-src" itemprop="name">Pat Conroy</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="21e5b"></button> </li> </ul> <ul class="quotes-item__share" data-id="21e5b" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a4364/21e5b/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=A%20novel%20is%20a%20great%20act%20of%20passion%20and%20intellect%2C%20carpentry%20and%20largess.%20From%20the%20very%20beginning%2C%20I%20wrote%20to%20explain%20my%20own%20life%20to%20myself%2C%20and%20I%20invited%20readers%20who%20chose%20to%20make%20the%20journey%20with%20me%20to%20join%20me%20on%20the%20high%20wire.&url=https%3A%2F%2Fcitatis.com%2Fa4364%2F21e5b%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/145/">Life</a></li> <li><a href="/topic/178/">Great</a></li> <li><a href="/topic/1037/">High</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a1673/22598/">EmTech Asia brings together some of the brightest minds in technology and computer security.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a1673/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/9/1673.v5.jpg" alt="Walter O'Brien"> </figure> <span class="cite-src" itemprop="name">Walter O'Brien</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="22598"></button> </li> </ul> <ul class="quotes-item__share" data-id="22598" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a1673/22598/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=EmTech%20Asia%20brings%20together%20some%20of%20the%20brightest%20minds%20in%20technology%20and%20computer%20security.&url=https%3A%2F%2Fcitatis.com%2Fa1673%2F22598%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/402/">Together</a></li> <li><a href="/topic/558/">Technology</a></li> <li><a href="/topic/8/">Minds</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a213/225e9/">I can't live without activity; I can't be sedentary.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a213/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/15/213.v4.jpg" alt="Ferran Adria"> </figure> <span class="cite-src" itemprop="name">Ferran Adria</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="225e9"></button> </li> </ul> <ul class="quotes-item__share" data-id="225e9" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a213/225e9/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=I%20can%27t%20live%20without%20activity%3B%20I%20can%27t%20be%20sedentary.&url=https%3A%2F%2Fcitatis.com%2Fa213%2F225e9%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/199/">Live</a></li> <li><a href="/topic/525/">Without</a></li> <li><a href="/topic/2101/">Activity</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a747/22cb4/">When you're young, you don't think very far ahead. You just think in terms of the next day, the next week, the next competition. You don't think about injuries that could threaten your long-term health.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a747/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/b/747.v5.jpg" alt="Katarina Witt"> </figure> <span class="cite-src" itemprop="name">Katarina Witt</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="22cb4"></button> </li> </ul> <ul class="quotes-item__share" data-id="22cb4" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a747/22cb4/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=When%20you%27re%20young%2C%20you%20don%27t%20think%20very%20far%20ahead.%20You%20just%20think%20in%20terms%20of%20the%20next%20day%2C%20the%20next%20week%2C%20the%20next%20competition.%20You%20don%27t%20think%20about%20injuries%20that%20could%20threaten%20your%20long-term%20health.&url=https%3A%2F%2Fcitatis.com%2Fa747%2F22cb4%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/268/">Long</a></li> <li><a href="/topic/325/">Health</a></li> <li><a href="/topic/38/">Day</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a2779/22fa6/">I just consider being one of the luckiest people in the sense that creativity came to me and it flowed.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a2779/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/2779.v6.jpg" alt="Vidal Sassoon"> </figure> <span class="cite-src" itemprop="name">Vidal Sassoon</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); 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$('#popup_auth').modal('show');" title="Add to Favorites" qid="250dc"></button> </li> </ul> <ul class="quotes-item__share" data-id="250dc" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a2833/250dc/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=I%27m%20an%20example%20of%20why%20people%20deserve%20second%20chances.&url=https%3A%2F%2Fcitatis.com%2Fa2833%2F250dc%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/92/">People</a></li> <li><a href="/topic/1005/">Why</a></li> <li><a href="/topic/1733/">Example</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a1229/21455/">I would not hesitate to vote for a white person as president if I thought he was the best person for the job.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a1229/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/d/1229.v4.jpg" alt="Oliver Tambo"> </figure> <span class="cite-src" itemprop="name">Oliver Tambo</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); 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One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="23c07"></button> </li> </ul> <ul class="quotes-item__share" data-id="23c07" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/23c07/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Customers%20often%20value%20a%20good%20more%20when%20its%20price%20goes%20up.%20One%20reason%20may%20be%20its%20signaling%20value.%20An%20expensive%20handcrafted%20mechanical%20watch%20may%20tell%20time%20no%20more%20accurately%20than%20a%20cheap%20quartz%20model%3B%20but%2C%20because%20few%20people%20can%20afford%20one%2C%20buying%20it%20signals%20that%20the%20owner%20is%20rich.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F23c07%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/92/">People</a></li> <li><a href="/topic/855/">Up</a></li> <li><a href="/topic/11/">Time</a></li> </ul>  </li> </ul> <ul class="quotes--cards"> </ul> </main> <aside> <div class="banner--aside"> <div id='div-gpt-ad-1539482008349-0'> <script> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1539482008349-0'); }); </script> </div></div><section class="tags--themes"> <h3>RELEVANT THEMES</h3> <ul> <li> <a href="/topic/11/"> Time </a> </li> <li> <a href="/topic/28/"> Mother </a> </li> <li> <a href="/topic/31/"> School </a> </li> <li> <a href="/topic/45/"> Experience </a> </li> <li> <a href="/topic/199/"> Live </a> </li> </ul> <a href="/topics/" class="tags__more">More Topics</a> </section> <section class="tags--authors"> <h3>RELEVANT AUTHORS</h3> <ul> <li><a href="/a15/">R. 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