Anonymous ID: cde9d3 Dec. 12, 2018, 7:01 p.m. No.4285453   🗄️.is 🔗kun   >>5521 >>5617

>>4285279

 

There is also pecking order theory in business. Don't think it's related.

 

Pecking order theory

In corporate finance, the pecking order theory (or pecking order model) postulates that the cost of financing increases with asymmetric information.

Pecking order theory was first suggested by Donaldson in 1961 and it was modified by Stewart C. Myers and Nicolas Majluf in 1984.[2] It states that companies prioritize their sources of financing (from internal financing to equity) according to the cost of financing, preferring to raise equity as a financing means of last resort. Hence, internal funds are used first, and when that is depleted, debt is issued, and when it is not sensible to issue any more debt, equity is issued.

https://en.wikipedia.org/wiki/Pecking_order_theory

Anonymous ID: cde9d3 Dec. 12, 2018, 7:04 p.m. No.4285521   🗄️.is 🔗kun   >>5617

>>4285279

>>4285453

This seems more relevant.

The ultimate function of a pecking order is to increase the individual or inclusive fitness of the animals involved in its formation. Fighting to acquire resources such as food and mates is expensive in terms of time, energy and the risk of injury. By developing a pecking order, animals determine which individuals will get priority of access to resources, particularly when they are limited; there is a reduction in aggression when a pecking order has been developed. Therefore, the proximate functions of a pecking order are to reduce the costs of time, energy and risk of injury incurred during resource acquisition and defence

 

https://en.wikipedia.org/wiki/Pecking_order