SOCC44H3 Lecture Notes - Lecture 6: Bruce Willis, Path Dependence, George Clooney
Document Summary
Terms concepts and ideas, and things we talked about. Status plays a huge deal in this type of lunch. How can you tell whose high status and who"s not. The person with the higher status pays, or the person who has something to gain. The same things is in gimme the loot, he had problems getting funding for the movie because no one knew who he was. Why is status so important, there is a social component to it, if you are with someone, someone else wants to be with you. In addition if you cant stand out, you wont get hired, because there is limited spots at the top. No one knows whats good or not but in that condition of uncertainty is that you need to legitimize what you are doing by attaching yourself to people who have reputation.
