Education

"Academics and administrators also sense the importance of signaling, even if they won't admit it. Why else would they bother to combat cheating? If school were merely a place for students to invest in their skills, cheaters would literally "only be cheating themselves," spending time and tuition for naught. If, however, school is primarily a place to convince firms you're worthy of employment, cheating has a slew of victims. The cheater who successfully impersonates a good student doesn't just rip off whoever hires him. He also taints the prospects of all his peers who toiled for their degrees."