Signaling Theory

Good theories are like good chai — strong, simple, and best shared. Signaling Theory qualifies.

The theory's gift is vocabulary. Once you have the word, you can see the thing — in your office, in your family, in the news. Before the word, it was only a vague discomfort after dinner.

Strip it to the floor and you find an old instruction: look carefully, judge slowly, act decently. The new name exists because the old instruction keeps being forgotten.

Watch the Mumbai local at 8:47 a.m. Nobody in that compartment is lazy. Yet by evening, half the day's resolve has leaked out through small negotiations: one more chai, one more scroll, one more tomorrow.

Time is the one currency the Reserve Bank does not print more of. No ceremony needed. Begin with the very next decision.