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	<title>Comments on: Choose: Credit or Influence</title>
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	<link>http://www.overcomingbias.com/2007/06/choose_credit_o.html</link>
	<description>Overcoming Bias is economist Robin Hanson’s blog, on honesty, signaling, disagreement, forecasting, and the far future.</description>
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		<title>By: Byrne</title>
		<link>http://www.overcomingbias.com/2007/06/choose_credit_o.html#comment-418842</link>
		<dc:creator>Byrne</dc:creator>
		<pubDate>Thu, 14 Jun 2007 13:48:30 +0000</pubDate>
		<guid isPermaLink="false">http://prod.ob.trike.com.au/2007/06/choose-credit-or-influence.html#comment-418842</guid>
		<description>&lt;blockquote&gt;For example, the marketplace seeks out both comedic writers and comedic actors, although the best comedic actors are more highly compensated.&lt;/blockquote&gt;

The problem is that many popular comedians (e.g. Robin Williams, Carlos Mencia, and the execrable Dane Cook) are reputed get their jokes from other comedians -- an obscure comedian who hires a writer is essentially buying the right to run focus groups for the big shots. If the jokes are disclosed before purchase, they&#039;ll probably never be bought; if they&#039;re disclosed after, there&#039;s a &quot;lemons&quot; problem: joke writers are likely to give their best jokes to the people with the best delivery, and their worst to the most obscure comedians, just to get good PR and avoid the association with bad acts.

I am, of course, always one Jobs away from being proven wrong, but jobs &lt;i&gt;was&lt;/i&gt; living in a world that had typewriters, arcade games, and typewriters; building an IP market requires lots of infrastructure and paradigms (and probably legal intervention) that we don&#039;t have yet.
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		<content:encoded><![CDATA[<blockquote><p>For example, the marketplace seeks out both comedic writers and comedic actors, although the best comedic actors are more highly compensated.</p></blockquote>
<p>The problem is that many popular comedians (e.g. Robin Williams, Carlos Mencia, and the execrable Dane Cook) are reputed get their jokes from other comedians &#8212; an obscure comedian who hires a writer is essentially buying the right to run focus groups for the big shots. If the jokes are disclosed before purchase, they&#8217;ll probably never be bought; if they&#8217;re disclosed after, there&#8217;s a &#8220;lemons&#8221; problem: joke writers are likely to give their best jokes to the people with the best delivery, and their worst to the most obscure comedians, just to get good PR and avoid the association with bad acts.</p>
<p>I am, of course, always one Jobs away from being proven wrong, but jobs <i>was</i> living in a world that had typewriters, arcade games, and typewriters; building an IP market requires lots of infrastructure and paradigms (and probably legal intervention) that we don&#8217;t have yet.</p>
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		<title>By: Hopefully Anonymous</title>
		<link>http://www.overcomingbias.com/2007/06/choose_credit_o.html#comment-418841</link>
		<dc:creator>Hopefully Anonymous</dc:creator>
		<pubDate>Thu, 14 Jun 2007 04:31:57 +0000</pubDate>
		<guid isPermaLink="false">http://prod.ob.trike.com.au/2007/06/choose-credit-or-influence.html#comment-418841</guid>
		<description>Byrne,
I think a Jobs type figure might be able to put together an effective market for jokes, too. Sure good joke delivery may be rarer and more valuable than well-written jokes, but I don&#039;t see why markets for both can&#039;t exist. For example, the marketplace seeks out both comedic writers and comedic actors, although the best comedic actors are more highly compensated.
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		<content:encoded><![CDATA[<p>Byrne,<br />
I think a Jobs type figure might be able to put together an effective market for jokes, too. Sure good joke delivery may be rarer and more valuable than well-written jokes, but I don&#8217;t see why markets for both can&#8217;t exist. For example, the marketplace seeks out both comedic writers and comedic actors, although the best comedic actors are more highly compensated.</p>
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		<title>By: Byrne</title>
		<link>http://www.overcomingbias.com/2007/06/choose_credit_o.html#comment-418840</link>
		<dc:creator>Byrne</dc:creator>
		<pubDate>Wed, 13 Jun 2007 12:52:21 +0000</pubDate>
		<guid isPermaLink="false">http://prod.ob.trike.com.au/2007/06/choose-credit-or-influence.html#comment-418840</guid>
		<description>&lt;blockquote&gt;It happened for GUI and I don&#039;t see why it couldn&#039;t happen for a market for start up ideas, simply because (according to George Tziralis) such a market hasn&#039;t existed up to this current point in time.&lt;/blockquote&gt;

I&#039;m not saying it can&#039;t exist because it won&#039;t exist -- how could that be my view, when I just said that entrepreneurs (more or less defined as &quot;people who make something that didn&#039;t exist yet exist&quot;) are behind lots of market growth that you blamed on market growth? I think it&#039;s impractical for the same reason that a market in jokes is impractical: the important thing is the &lt;i&gt;delivery&lt;/i&gt;.
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		<content:encoded><![CDATA[<blockquote><p>It happened for GUI and I don&#8217;t see why it couldn&#8217;t happen for a market for start up ideas, simply because (according to George Tziralis) such a market hasn&#8217;t existed up to this current point in time.</p></blockquote>
<p>I&#8217;m not saying it can&#8217;t exist because it won&#8217;t exist &#8212; how could that be my view, when I just said that entrepreneurs (more or less defined as &#8220;people who make something that didn&#8217;t exist yet exist&#8221;) are behind lots of market growth that you blamed on market growth? I think it&#8217;s impractical for the same reason that a market in jokes is impractical: the important thing is the <i>delivery</i>.</p>
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		<title>By: Robin Hanson</title>
		<link>http://www.overcomingbias.com/2007/06/choose_credit_o.html#comment-418839</link>
		<dc:creator>Robin Hanson</dc:creator>
		<pubDate>Wed, 13 Jun 2007 11:33:56 +0000</pubDate>
		<guid isPermaLink="false">http://prod.ob.trike.com.au/2007/06/choose-credit-or-influence.html#comment-418839</guid>
		<description>James, yes, credit can create the potential for future influence, though in fact most people don&#039;t spend their credit that way.
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		<content:encoded><![CDATA[<p>James, yes, credit can create the potential for future influence, though in fact most people don&#8217;t spend their credit that way.</p>
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		<title>By: James Annan</title>
		<link>http://www.overcomingbias.com/2007/06/choose_credit_o.html#comment-418838</link>
		<dc:creator>James Annan</dc:creator>
		<pubDate>Wed, 13 Jun 2007 11:31:25 +0000</pubDate>
		<guid isPermaLink="false">http://prod.ob.trike.com.au/2007/06/choose-credit-or-influence.html#comment-418838</guid>
		<description>But with the credit comes a greater influence in the future, cos people will be more willing to listen to your ideas. A young academic who has a moderately good idea stolen from them might find they are not an (employed) academic for much longer. Isn&#039;t credit just deferred influence?

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		<content:encoded><![CDATA[<p>But with the credit comes a greater influence in the future, cos people will be more willing to listen to your ideas. A young academic who has a moderately good idea stolen from them might find they are not an (employed) academic for much longer. Isn&#8217;t credit just deferred influence?</p>
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		<title>By: Hopefully Anonymous</title>
		<link>http://www.overcomingbias.com/2007/06/choose_credit_o.html#comment-418837</link>
		<dc:creator>Hopefully Anonymous</dc:creator>
		<pubDate>Tue, 12 Jun 2007 22:00:39 +0000</pubDate>
		<guid isPermaLink="false">http://prod.ob.trike.com.au/2007/06/choose-credit-or-influence.html#comment-418837</guid>
		<description>So, similarly it may be that George Tziralis&#039; suggestion of a market for start up ideas may just be an idea until someone turns it into the market for start up ideas business. It seems to me that competent impressarios with good products can reveal (or catalyze?) latent demand that wasn&#039;t previously obvious. It happened for GUI and I don&#039;t see why it couldn&#039;t happen for a market for start up ideas, simply because (according to George Tziralis) such a market hasn&#039;t existed up to this current point in time.
</description>
		<content:encoded><![CDATA[<p>So, similarly it may be that George Tziralis&#8217; suggestion of a market for start up ideas may just be an idea until someone turns it into the market for start up ideas business. It seems to me that competent impressarios with good products can reveal (or catalyze?) latent demand that wasn&#8217;t previously obvious. It happened for GUI and I don&#8217;t see why it couldn&#8217;t happen for a market for start up ideas, simply because (according to George Tziralis) such a market hasn&#8217;t existed up to this current point in time.</p>
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		<title>By: Byrne</title>
		<link>http://www.overcomingbias.com/2007/06/choose_credit_o.html#comment-418836</link>
		<dc:creator>Byrne</dc:creator>
		<pubDate>Tue, 12 Jun 2007 21:21:58 +0000</pubDate>
		<guid isPermaLink="false">http://prod.ob.trike.com.au/2007/06/choose-credit-or-influence.html#comment-418836</guid>
		<description>It&#039;s a shell game to pretend that the existence of a good marketer and a good hacker is independent of the existence of a large market for a cheap product: since markets are the sum of individual actions, and since entrepreneurs are the ones with the highest stake in persuading individuals to consider a product.

The GUI idea was just an idea until Jobs and Woz turned it into the GUI business. They didn&#039;t start with computers (they did phone phreaking beforehand -- high gross but no net). Given that they took off as entrepreneurs before they knew about GUIs, I don&#039;t think you can call GUIs their catalyst.
</description>
		<content:encoded><![CDATA[<p>It&#8217;s a shell game to pretend that the existence of a good marketer and a good hacker is independent of the existence of a large market for a cheap product: since markets are the sum of individual actions, and since entrepreneurs are the ones with the highest stake in persuading individuals to consider a product.</p>
<p>The GUI idea was just an idea until Jobs and Woz turned it into the GUI business. They didn&#8217;t start with computers (they did phone phreaking beforehand &#8212; high gross but no net). Given that they took off as entrepreneurs before they knew about GUIs, I don&#8217;t think you can call GUIs their catalyst.</p>
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		<title>By: Barkley  Rosser</title>
		<link>http://www.overcomingbias.com/2007/06/choose_credit_o.html#comment-418835</link>
		<dc:creator>Barkley  Rosser</dc:creator>
		<pubDate>Tue, 12 Jun 2007 19:51:58 +0000</pubDate>
		<guid isPermaLink="false">http://prod.ob.trike.com.au/2007/06/choose-credit-or-influence.html#comment-418835</guid>
		<description>I think that in academia there is a much higher correlation between influence and credit than there is in business or politics.
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		<content:encoded><![CDATA[<p>I think that in academia there is a much higher correlation between influence and credit than there is in business or politics.</p>
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		<title>By: Hopefully Anonymous</title>
		<link>http://www.overcomingbias.com/2007/06/choose_credit_o.html#comment-418834</link>
		<dc:creator>Hopefully Anonymous</dc:creator>
		<pubDate>Tue, 12 Jun 2007 18:19:03 +0000</pubDate>
		<guid isPermaLink="false">http://prod.ob.trike.com.au/2007/06/choose-credit-or-influence.html#comment-418834</guid>
		<description>Byrne, I&#039;m aware that XEROX was working on GUI prior to Apple (in the circle of commenters in this blog, who isn&#039;t?) -that was my point. That demand for something seems to me to be more complex than as described in your 10:23am post. It&#039;s quite possible for creatable demand to exist for something that is already technologically possible, and yet the product and the market doesn&#039;t materialize until some other event (such as the arrival of a brilliant marketer of that thing). Hence the market for GUI not taking off when XEROX was working on it, but when Jobs began marketing it. The quote in you 10:23am post seemed to me to ignore the role that factor may play in why there may not currently be a market for start up ideas as described by George Tziralis&#039;  June 12, 2007 06:31 AM post.
</description>
		<content:encoded><![CDATA[<p>Byrne, I&#8217;m aware that XEROX was working on GUI prior to Apple (in the circle of commenters in this blog, who isn&#8217;t?) -that was my point. That demand for something seems to me to be more complex than as described in your 10:23am post. It&#8217;s quite possible for creatable demand to exist for something that is already technologically possible, and yet the product and the market doesn&#8217;t materialize until some other event (such as the arrival of a brilliant marketer of that thing). Hence the market for GUI not taking off when XEROX was working on it, but when Jobs began marketing it. The quote in you 10:23am post seemed to me to ignore the role that factor may play in why there may not currently be a market for start up ideas as described by George Tziralis&#8217;  June 12, 2007 06:31 AM post.</p>
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		<title>By: Byrne</title>
		<link>http://www.overcomingbias.com/2007/06/choose_credit_o.html#comment-418833</link>
		<dc:creator>Byrne</dc:creator>
		<pubDate>Tue, 12 Jun 2007 17:50:41 +0000</pubDate>
		<guid isPermaLink="false">http://prod.ob.trike.com.au/2007/06/choose-credit-or-influence.html#comment-418833</guid>
		<description>It&#039;s good to be skeptical of that assumption, but it&#039;s not very sporting to pretend that I said anything like it. An idea is obviously a necessary part of a startup, but it&#039;s not the most important part. It&#039;s not just a question of &quot;How do you get Google if you never dream of a Google?&quot; It&#039;s &quot;When you combine lots of Googlers and have them do whatever software project they think really needs to get done, how do you &lt;i&gt;not&lt;/i&gt; end up with Google?&quot; Nobody implements their first idea: Paypal was supposed to do cryptography; Flickr was an RPG; Microsoft sold languages; IBM punched cards; Google&#039;s first product is still their flagship product, but as a business plan it sucks since the built-in revenue stream is $0.

&lt;blockquote&gt;It would have been a great idea if implemented in 1992, it would be a great idea if implemented today, it would be a great idea if implemented in 2020.&lt;/blockquote&gt;

Mhm. You notice the unemployment rate among founder types is low, but there&#039;s a huge surplus of foundable ideas. And yet you claim a tight market for the ideas?

&lt;blockquote&gt;Was there no creatable demand for gui prior to the mac?&lt;/blockquote&gt;

I&#039;ll assume you meant to type &quot;&lt;a href=&#039;http://en.wikipedia.org/wiki/Image:Xerox_star_desktop.jpg&#039; rel=&quot;nofollow&quot;&gt;Xerox Star&lt;/a&gt;&quot; instead of &#039;mac&#039;. You&#039;ll note that the Star was invented by researchers at a large institution; the GUI was then &#039;borrowed&#039; by a brilliant engineer named Steve and an incredible salesman named Steve. If the idea was more important than the Steves, why did the idea languish until the Steves showed up?

&lt;blockquote&gt;Perhaps we can create an information market on whether a startup idea market will be viable prior to investing in creating a startup idea market.&lt;/blockquote&gt;

I know it was in jest, but this is creepily similar to the RIAA model. Since IP would only offer a competitive advantage if it were kept secret, your pitch would be, essentially, &quot;Give us money for the right not to talk about what you gave us money for! Then you&#039;ll get money if our secret ideas work out all right!&quot;

If you wanted to start a market like that, you&#039;d probably want to start it within a company (so everyone is already covered by nondisclosure, and so their cost of getting information is lower). For your idea to be effective, it needs to reinvent the internal prediction market -- and while it&#039;s never too late for an idea to turn into a startup, you&#039;ve got to admit that other people have a &lt;a href=&quot;http://hanson.gmu.edu/ifwired.html&quot; rel=&quot;nofollow&quot;&gt;head start&lt;/a&gt;.
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		<content:encoded><![CDATA[<p>It&#8217;s good to be skeptical of that assumption, but it&#8217;s not very sporting to pretend that I said anything like it. An idea is obviously a necessary part of a startup, but it&#8217;s not the most important part. It&#8217;s not just a question of &#8220;How do you get Google if you never dream of a Google?&#8221; It&#8217;s &#8220;When you combine lots of Googlers and have them do whatever software project they think really needs to get done, how do you <i>not</i> end up with Google?&#8221; Nobody implements their first idea: Paypal was supposed to do cryptography; Flickr was an RPG; Microsoft sold languages; IBM punched cards; Google&#8217;s first product is still their flagship product, but as a business plan it sucks since the built-in revenue stream is $0.</p>
<blockquote><p>It would have been a great idea if implemented in 1992, it would be a great idea if implemented today, it would be a great idea if implemented in 2020.</p></blockquote>
<p>Mhm. You notice the unemployment rate among founder types is low, but there&#8217;s a huge surplus of foundable ideas. And yet you claim a tight market for the ideas?</p>
<blockquote><p>Was there no creatable demand for gui prior to the mac?</p></blockquote>
<p>I&#8217;ll assume you meant to type &#8220;<a href='http://en.wikipedia.org/wiki/Image:Xerox_star_desktop.jpg' rel="nofollow">Xerox Star</a>&#8221; instead of &#8216;mac&#8217;. You&#8217;ll note that the Star was invented by researchers at a large institution; the GUI was then &#8216;borrowed&#8217; by a brilliant engineer named Steve and an incredible salesman named Steve. If the idea was more important than the Steves, why did the idea languish until the Steves showed up?</p>
<blockquote><p>Perhaps we can create an information market on whether a startup idea market will be viable prior to investing in creating a startup idea market.</p></blockquote>
<p>I know it was in jest, but this is creepily similar to the RIAA model. Since IP would only offer a competitive advantage if it were kept secret, your pitch would be, essentially, &#8220;Give us money for the right not to talk about what you gave us money for! Then you&#8217;ll get money if our secret ideas work out all right!&#8221;</p>
<p>If you wanted to start a market like that, you&#8217;d probably want to start it within a company (so everyone is already covered by nondisclosure, and so their cost of getting information is lower). For your idea to be effective, it needs to reinvent the internal prediction market &#8212; and while it&#8217;s never too late for an idea to turn into a startup, you&#8217;ve got to admit that other people have a <a href="http://hanson.gmu.edu/ifwired.html" rel="nofollow">head start</a>.</p>
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