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Athrelon comments on Why do people ____? - Less Wrong Discussion
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Totally subjective, of course! But behaviors at both extremes are instantly identifiable. Crudely, prosocial stories actually entertain, self-seeking stories tend to make the teller look good. Savvy people, of course, can do both simultaneously.
Isn't your impression that people aren't punishing unproductive status seeking based on a difference in this subjective evaluation, then? Or do you think that people tolerate bragging even if they are not entertained by it?