Robin Hanson on Signaling and Self-Deception (Live at Mason Econ)
Conversations with Tyler
00:00
The Multiple Equilibria of Decision Markets
There's two issues here one is a multiple equilibria so i'd say if you look at the example of cost accounting you can imagine a world where nobody does cost accounting and then you're proposing to do it will send a bad signal. I think with similarly with prediction markets you can imagine an organization that has good emotional bonding because they don't use cost accounting could still function pretty badly as everybody's stealing. Once it's the standard then you got to follow it along now decision markets are few turkey you might say have have more of a potential, he says.
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