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Lumifer comments on Tell me what hat to buy - Less Wrong Discussion
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As with most status/style things, there is a loop: one step up is "dressing like other people". But the next step up is "NOT dressing like other people" :-)
That's countersignalling. It only works when you're so accepted that you can get away with bad signals. The original post didn't seem to want the hat for such situations.
Signaling is almost completely context-dependent. What is countersignaling and what are "bad" signals is a function of who is signaling to whom.
You mentioned "the value of dressing like other people" -- in some situations it might be positive, in some situations it might be negative. There is no universal rule.
In general, the formulation of the question is too crude. Most clueful people try to be unique and interesting without being weird. That's not necessarily an easy balance to strike. Talk to a (socially competent, non-teenager) girl :-) They have a much better understanding of these things :-D