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2min chapter
Learning and Governance (with Emerson Spartz)
Clearer Thinking with Spencer Greenberg
The Informational Advantages of the Local Versus the Global
The kidnap insurance industry is about a $500 million industry where companies pay and Lloyd's Alundin is like the main underwriter of the insurance. So they're basically like the referee of the industry, because you have individual people in the industry are incentivized to like pay large ransoms. And so very quickly, what happens is if one person pays a huge ransom, then more pirates will ask for it. It takes really hard to get everyone back into that 100,000 range.
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