I wrote about the information asymmetry in selecting your next manager in March. I’m thinking more about information economics, signaling, and how it’s been a part of my entire professional life — outside of job search.
Traditionally, musicians that are new to a community attend jam sessions to meet other musicians. The new musician signals their knowledge and skill through their performance and how they interact with the others on the bandstand. The other, longstanding musicians, see the signals and determine if they want to play with that musician more. It’s a marketplace.
The process of life so often seems like the process of rapidly going from the state of unknown to known.
