I agree pretty much entirely; I didn’t want to get into the issue of displaying skill and taste, since it gets even more complex and my post seemed long enough.
I’m not sure about the distaste for knockoffs coming from a desire for “uniqueness.” I don’t think that rich women mind that other rich women have the same, say, Luis Vuitton bag; I think they mind when any woman who wants it can have a Luis Vuitton bag that looks like what they spent serious money on. It ceases to be a clear status symbol. It seems that the effect on signaling is greater than the effect on uniqueness.
I agree pretty much entirely; I didn’t want to get into the issue of displaying skill and taste, since it gets even more complex and my post seemed long enough.
I’m not sure about the distaste for knockoffs coming from a desire for “uniqueness.” I don’t think that rich women mind that other rich women have the same, say, Luis Vuitton bag; I think they mind when any woman who wants it can have a Luis Vuitton bag that looks like what they spent serious money on. It ceases to be a clear status symbol. It seems that the effect on signaling is greater than the effect on uniqueness.