From: Rafal Smigrodzki (rafal@smigrodzki.org)
Date: Fri Aug 08 2003 - 17:59:09 MDT
Robin wrote:
>
> You might want to see Michael Abramowicz's paper:
> http://www.law.gmu.edu/faculty/abramowicz_infomarkets.pdf
>
### I was struck by the similarity of a functioning science funding system
to the information markets described in the article.
Seemingly, whatever humans successfully organize, such as capitalist
economy, or modern science, as opposed to mindless coalition warfare, boils
down to some form of market-like behavior, with large numbers of independent
decision makers sharing engaged in cooperatively competitive exchange of
information.
Rafal
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