RE: Vote on Valuess, Bet on Beliefs

From: Robin Hanson (
Date: Mon Jul 31 2000 - 17:54:00 MDT

Hal Finney wrote:
>I ... haven't read Robin's latest version of this paper, ...
>For a corporation, ... the number of possible strategies is nearly infinite.
>... This problem applies to government, and it may be addressed in Robin's

Any decision mechanism must deal with the fact that possibilities are
endless - it is just a fact of life. In legislatures, one has rules about
who can propose bills and how they are voted on. The fact that there are
an infinite number of possible bills to vote on doesn't make it all grind
to a halt. Similarly, futarchy has rules about how to propose and then
how to decide. What more could you do?

>Another problem is the exposure this would provide of potentially secret
>corporate strategies. ... This would not be so much of an issue for government
>programs, with the exception of military research.

I should probably add a section talking about this explicitly.

>I would also be concerned that efforts to manipulate prices

Let me know what you think of the paper section on that.

Robin Hanson
Asst. Prof. Economics, George Mason University
MSN 1D3, Carow Hall, Fairfax VA 22030
703-993-2326 FAX: 703-993-2323

This archive was generated by hypermail 2b29 : Mon Oct 02 2000 - 17:35:26 MDT