Eddie has some math talent. He can invest some time, money, and effort C to get a degree, which allows other people to discern that he has a higher probability of having that math talent. This higher probability confers some benefit in that other people will more readily take his advice in mathematical matters, or talk with him about his math.
The fun twist is that Eddie lives in a society with many other individuals with varying degrees of math talent, each of whom can expend C to get a degree and the associated benefits. People with almost no mathematical... (read more)
It demonstrate that you don't. Humans make decisions via something called the availability heuristic.
If you bring into the awareness of the person that you are talking that you are a mathematician that only has a bachleor, no master, no PHD and no professorship that you aren't bringing expertise into his mind.
If you are however a self taught person who managed to published multiple papers among them a paper titled "Complex Value Systems in Friendly AI" in Artificial General Intelligence Lecture Notes in Computer Science Volume and who has his own... (read more)