Overcoming Bias

Share this post

‘Futarchy’ is NYT Buzzword of ’08

www.overcomingbias.com

Discover more from Overcoming Bias

This is a blog on why we believe and do what we do, why we pretend otherwise, how we might do better, and what our descendants might do, if they don't all die.
Over 11,000 subscribers
Continue reading
Sign in

‘Futarchy’ is NYT Buzzword of ’08

Robin Hanson
Dec 20, 2008
Share this post

‘Futarchy’ is NYT Buzzword of ’08

www.overcomingbias.com
15
Share

From the 38 New York Times "Buzzwords of 2008":

Futarchy

Pronounced FEW-tark-ee. A theoretical government controlled in part by speculative markets. Coined by Robin D. Hanson of George Mason University.

Now if only I could just get some group somewhere to actually try it. 

Share this post

‘Futarchy’ is NYT Buzzword of ’08

www.overcomingbias.com
15
Share
15 Comments
Share this discussion

‘Futarchy’ is NYT Buzzword of ’08

www.overcomingbias.com
Robin Hanson
May 15

Johnicholas, SimCity policy could be a great place to run a trial.

Mike, having a small number of traders is not a problem if those traders know as much as anyone about the topic, so a small company could be a fine place to run a trial.

Expand full comment
Reply
Share
Overcoming Bias Commenter
May 15

Maybe futarchy's rising prominence as an idea will get it noticed by more companies who will try it for making decision privately, deciding what their next move should be. I guess there would be problems of a business maybe not having a big enough number of employees betting. I suppose the bigger companies are possibly more conservative than the smaller ones, and less likely to implement, whereas smaller companies might be more daring but not have enough employees to make an internal betting market. Is that a problem or am I way off?

Expand full comment
Reply
Share
13 more comments...
Top
New
Community

No posts

Ready for more?

© 2023 Robin Hanson
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing