LessWrong (Curated & Popular) “Information vs Assurance” by johnswentworth
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Nov 27, 2024 Dive into the intriguing world of communication where assurance meets information! Explore how contract law defines representations and their implications. Discover the social liabilities that come from treating everyday statements as guarantees. Real-life examples illuminate the importance of clarity in our interactions. Understanding this distinction could change how we set expectations in relationships and beyond!
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Contractual Representations
- Contractual representations are factual claims with insurance against falsehood.
- They make one liable for damages caused by false claims, like asbestos removal.
Assurance in Everyday Claims
- People interpret everyday claims like contractual representations, called "assurance."
- Failing to meet assured expectations leads to social liability, like blame for missed events.
Ride Request Example
- A seemingly simple request, like asking for a ride, can implicitly convert a prediction into an assurance.
- Agreeing to the request makes one liable for the consequences of not fulfilling it.