Comments on: Boards of Advisors Don’t Advise, Do Board http://www.overcomingbias.com/2008/03/boards-of-advis.html Overcoming Bias is economist Robin Hanson’s blog, on honesty, signaling, disagreement, forecasting, and the far future. Fri, 19 Mar 2010 16:49:03 -0400 http://wordpress.org/?v=2.8.5 hourly 1 By: Midas Oracle .ORG http://www.overcomingbias.com/2008/03/boards-of-advis.html#comment-406776 Midas Oracle .ORG Thu, 20 Nov 2008 20:39:05 +0000 http://prod.ob.trike.com.au/2008/03/boards-of-advisors-dont-advise-do-board.html#comment-406776 <strong>NewsFutures Scientific Advisory Board</strong> It has disappeared into cyberspace. - No more Robin Hanson. - No more Justin Wolfers. - APPENDIX: - Robin Hanson is now Chief Scientist of Consensus Point. - Emile Servan-Schreiber didnt like that too much, for some reason. - Robin Hanson has ex... NewsFutures Scientific Advisory Board

It has disappeared into cyberspace.
- No more Robin Hanson.
- No more Justin Wolfers.
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APPENDIX:
- Robin Hanson is now Chief Scientist of Consensus Point.
- Emile Servan-Schreiber didnt like that too much, for some reason.
- Robin Hanson has ex…

]]> By: Midas Oracle .ORG http://www.overcomingbias.com/2008/03/boards-of-advis.html#comment-406777 Midas Oracle .ORG Tue, 24 Jun 2008 09:05:18 +0000 http://prod.ob.trike.com.au/2008/03/boards-of-advisors-dont-advise-do-board.html#comment-406777 <strong>PREDICTION MARKETS: Robin Hanson Justin Wolfers</strong> I have been chatting with a prediction market practitioner (I wont tell you who, and no, its not whom you think about) shooting the breeze, and talking about the current state of the prediction market industry taking about t... PREDICTION MARKETS: Robin Hanson Justin Wolfers

I have been chatting with a prediction market practitioner (I wont tell you who, and no, its not whom you think about) shooting the breeze, and talking about the current state of the prediction market industry taking about t…

]]> By: Barkley Rosser http://www.overcomingbias.com/2008/03/boards-of-advis.html#comment-406775 Barkley Rosser Mon, 24 Mar 2008 21:12:44 +0000 http://prod.ob.trike.com.au/2008/03/boards-of-advisors-dont-advise-do-board.html#comment-406775 Some boards advise over organizations that have separate sections that compete with each other for funding and approval from the group as a whole, with the leaders of the competing groups being codirectors of the organization. In such cases, sometimes such boards actually make decisions regarding which group is to get the goodies over which other group. Some boards advise over organizations that have separate sections that compete with each other for funding and approval from the group as a whole, with the leaders of the competing groups being codirectors of the organization. In such cases, sometimes such boards actually make decisions regarding which group is to get the goodies over which other group.

]]> By: michael vassar http://www.overcomingbias.com/2008/03/boards-of-advis.html#comment-406774 michael vassar Sat, 22 Mar 2008 14:30:56 +0000 http://prod.ob.trike.com.au/2008/03/boards-of-advisors-dont-advise-do-board.html#comment-406774 Yes Richard. Yes Richard.

]]> By: Robin Hanson http://www.overcomingbias.com/2008/03/boards-of-advis.html#comment-406773 Robin Hanson Sat, 22 Mar 2008 13:46:44 +0000 http://prod.ob.trike.com.au/2008/03/boards-of-advisors-dont-advise-do-board.html#comment-406773 Michael, good to hear of your exception - I wonder how common that is. Richard, it varies. Chris, there is almost always the appearance of listening. Michael, good to hear of your exception – I wonder how common that is.

Richard, it varies.

Chris, there is almost always the appearance of listening.

]]> By: Chris Masse http://www.overcomingbias.com/2008/03/boards-of-advis.html#comment-406772 Chris Masse Sat, 22 Mar 2008 08:34:09 +0000 http://prod.ob.trike.com.au/2008/03/boards-of-advisors-dont-advise-do-board.html#comment-406772 "boards of advisors are almost never asked to give advice, though they do sometimes offer it anyway." - And when the advisors do "offer" advice, are they listened to? - “boards of advisors are almost never asked to give advice, though they do sometimes offer it anyway.”
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And when the advisors do “offer” advice, are they listened to?
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]]> By: Richard Hollerith http://www.overcomingbias.com/2008/03/boards-of-advis.html#comment-406771 Richard Hollerith Sat, 22 Mar 2008 04:29:51 +0000 http://prod.ob.trike.com.au/2008/03/boards-of-advisors-dont-advise-do-board.html#comment-406771 Do you pay the advisors in stock, Michael? Are you usually paid in stock, Robin? Do you pay the advisors in stock, Michael?

Are you usually paid in stock, Robin?

]]> By: michael vassar http://www.overcomingbias.com/2008/03/boards-of-advis.html#comment-406770 michael vassar Sat, 22 Mar 2008 04:07:24 +0000 http://prod.ob.trike.com.au/2008/03/boards-of-advisors-dont-advise-do-board.html#comment-406770 I am a co-founder of a company and several of our advisers really do advise in one case extensively. So do large investors who aren't on our board. To a non-trivial degree in B2B one needs to know, for instance, industry jargon and the connotations of last years fashions in industry jargon. This information is worth paying for and we pay for it as much as or more than the prestige of our advisers, not to mention their personal connections, advice on pricing, etc. I am a co-founder of a company and several of our advisers really do advise in one case extensively. So do large investors who aren’t on our board. To a non-trivial degree in B2B one needs to know, for instance, industry jargon and the connotations of last years fashions in industry jargon. This information is worth paying for and we pay for it as much as or more than the prestige of our advisers, not to mention their personal connections, advice on pricing, etc.

]]> By: Grant http://www.overcomingbias.com/2008/03/boards-of-advis.html#comment-406769 Grant Fri, 21 Mar 2008 20:51:26 +0000 http://prod.ob.trike.com.au/2008/03/boards-of-advisors-dont-advise-do-board.html#comment-406769 Heh, I thought this was pretty universally understood. I once asked a very successful entrepreneur why he would invite certain academics on the board of a fledgling company, and he replied something to the effect of: "They lend credibility". However, I thought it was pretty common for distinguished academics to be invited on to boards of directors, not just advisors. Heh, I thought this was pretty universally understood. I once asked a very successful entrepreneur why he would invite certain academics on the board of a fledgling company, and he replied something to the effect of: “They lend credibility”.

However, I thought it was pretty common for distinguished academics to be invited on to boards of directors, not just advisors.

]]> By: Mike Kenny http://www.overcomingbias.com/2008/03/boards-of-advis.html#comment-406768 Mike Kenny Fri, 21 Mar 2008 15:52:00 +0000 http://prod.ob.trike.com.au/2008/03/boards-of-advisors-dont-advise-do-board.html#comment-406768 Perhaps the advisors would need some power over the advised. Could the board realistically be given powers such as a veto? Could the advisory board remain fairly independent? Perhaps the advisors would need some power over the advised. Could the board realistically be given powers such as a veto? Could the advisory board remain fairly independent?

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