shminux comments on Crash problems for total futarchy - Less Wrong

6 Post author: Stuart_Armstrong 15 May 2013 10:41AM

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Comment author: shminux 15 May 2013 04:52:08PM -1 points [-]

Since isolating the betting markets from the swings of the rest of the market is unrealistic/impossible/stupid, we should aim for a mixed governance model

What you suggest is a compromise, which is a fancy word for "inability to see and implement a positive-sum outcome".

A better approach, following Altshuller, is to figure out what features makes markets less than ideal and work on making them do good instead of fighting them.

Comment author: Stuart_Armstrong 16 May 2013 08:47:58AM 1 point [-]

A better approach, following Altshuller, is to figure out what features makes markets less than ideal and work on making them do good instead of fighting them.

The task of removing/containing bubbles and crashes from financial markets seems an extraordinarily hard task - and that's what would be needed.

What you suggest is a compromise, which is a fancy word for "inability to see and implement a positive-sum outcome".

Or "when you work with nails and screws, have both a hammer and a screwdriver in your inventory" :-)