Alex T. asks Should the Future Get a Vote? He dislikes suggestions to give more votes to “civic organizations” who claim to represent future folks, since prediction markets could be more trustworthy:
It might be hard to give votes to people in the past (especially the distant past) because you cannot sit them here and ask a question. Given the choice between our society and their own, which one would an ancient Greek prefer?
This seems a bit round-about. Just create a futures market with a security for each candidate; at the time of the election, add in a multiple of each candidate's price to that candidate's vote total; in thirty years, hold a vote on who should have won the election, and pay off securities in proportion to that vote.
Singapore big-man Lee Kuan Yew has expressed quasi support for the low tech version of letting future people vote: give more votes to people with children.
It might be hard to give votes to people in the past (especially the distant past) because you cannot sit them here and ask a question. Given the choice between our society and their own, which one would an ancient Greek prefer?
Who will collect the payout of this prediction market? It's unlikely to be decided in the lifetime fo most of the bettors, isn't it?
This seems a bit round-about. Just create a futures market with a security for each candidate; at the time of the election, add in a multiple of each candidate's price to that candidate's vote total; in thirty years, hold a vote on who should have won the election, and pay off securities in proportion to that vote.
Singapore big-man Lee Kuan Yew has expressed quasi support for the low tech version of letting future people vote: give more votes to people with children.
This sort of crazy is why I like this site and think it's so productive. Keep up the good work Dr. Mad Scientist Hanson.