The Soul of Enterprise: Business in the Knowledge Economy cover image

Interview with Robin Hanson

The Soul of Enterprise: Business in the Knowledge Economy

CHAPTER

The Luddites and the Looms

I really love that idea and I hope that there's some insurance companies that are there to thinking through. There's a regulatory barrier, unfortunately, which is this sort of insurance doesn't really require underwriting so it's much cheaper in principle. We just need a market in this overall chance of this event. But standardly derivatives like this are not allowed to be sold to everybody. This is a derivative of a financial asset it's basically a bet. And we don't generally allow bets like this - please let us know if you think they're good for the economy. Yeah. No, I really, I think that was a terrific idea. You'd be the one selling the insurance.

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