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#120 – Audrey Tang on what we can learn from Taiwan’s experiments with how to do democracy

80,000 Hours Podcast

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Quadratic Funding: Blending Governmental Incentives with Crowdsourced Funding

The concept of quadratic funding is an advanced version of quadratic tie. Plans entail experimenting with applying quadratic funding in an initiative focused on paying for success through retroactive public good funding, akin to social impact bonds. The innovative approach involves the government incentivizing social or environmental projects by promising payments based on project success evaluated by an independent board. This method allows for leveraging the government's commitment to attract additional funding from private sources. Quadratic funding aims to strike a balance between traditional government evaluations and purely crowdsourced funding, creating a hybrid model that combines the strengths of both approaches for optimal impact.

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