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Ep. 81: Nathan Young on forecasting, prediction markets, and designing good policy.

FUTURATI PODCAST

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What Are the Unintended Consequences of Failure?

How do you create policy without turning a blind eye to all the unintended consequences that could happen? Bhuc: Policy makers get, like, very bad, bad things happen when things go wrong. I think they're going to be hounded far more for the 99 projects that failed than the one project which succeeded vastly. Ah, i think it seems about mad to imagine that this way of thinking works but  i think there is no such thing as 'the right answer'

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