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Decius comments on What Is Signaling, Really? - Less Wrong
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I have a very hard time envisioning them being driven by signaling to do far more productive work than they ought to for their own good.
This is because it was specified that the work remain high quality. If you work yourself to the bone (producing negative utility for yourself), the product will be sub-par.
If you work for maximum signaling value, what is the likelihood that you are also working for maximum productive value? Unless the signalling is completely without noise, the most effective signalling behavior will be less productive than the most productive behavior.