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    Market Signals Entry #0408

    The reason a long queue is an advertisement

    An advertisement is a claim by the seller. A queue is a demonstration by people with nothing to gain from making it, which is why it is read differently.

    Adept
    The hidden part #0408

    Credibility depends on who pays for the message. A queue is unpaid testimony about arrivals, not a report on the meal.

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    Paradox & Proof Entry #0174

    The reason honesty can be less informative than silence

    A statement anyone would make carries no information. A refusal to speak, in a context where speaking was expected, narrows the possibilities.

    Master
    The hidden part #0174

    A statement every type would make carries nothing. A refusal where an answer was expected is a deviation, and deviations inform.

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    Market Signals Entry #0420

    The reason a founder’s departure is read before it is explained

    The statement arrives with the news, and the market ignores it. What an informed party does is treated as evidence; what they say is not.

    Master
    The hidden part #0420

    A departure is a costly action by the best-informed party. The statement attached to it is free, and free statements are filtered out on arrival.

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