
Ep. 81: Nathan Young on forecasting, prediction markets, and designing good policy.
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Is the State the Property of a Family or a Dynasty?
i could actually see that whole line of thinking being adduced in favor of two different, diametrically opposed ideologies. And i wanted to get your response. I completely agree, i think, as those are all very compelling points about how the incentive structures are very different between policy makers and business owners. On the one hand, you're talking about the fact that a v c can make one big bet that becomes a unicorn and pays for all their losses. Whereas a policy maker is much more likely to be hounded for you do one spectacular failure, or many spectacular failures,. Even if they have one slam dunk tat hat works really well. You coldMake the argument that that's
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