Sorry, I meant to look over your previous post, but forgot to. ... I don't see how this works... Wouldn't the price of "yes" be: p(P) * ((call(GDP+) + c1 -...
[In my first attempt at posting this, the head got cut off, so I'm reposting it. I will delete the old munged post of mine] The futarchy proposal seems to...
... That's a very good point Wei Dai. My formula worked only when the probability of enactment was 1/2. It needs to work for any value of that and right now...
Having given it some thought, and with thanks to Wei Dai for pointing out the problem, I think we can extract the desirability of P that we can meaningfully...
In the last message, I suggested a formula for extracting Delta, the effect of P on GDP+, and I pointed out a problem extracting Delta at extreme values of...
Another question about futarchy that interests me is this: How can futarchy handle competing proposals? This is partly missing functionality and partly an...
An example to motivate concern about timing. The example is drawn from the time before railroad gauge was standardized. In the example, a region faces 3...
Hello Imagine a situation where a government was asked to pick between two competing standards. HD-DVD and Blu-Ray say (this war is now over) . Could they...
... That's true, but the example wasn't really about which gauge to choose or how to choose it. It was about how a futarchy-type system can know whether it's...
An example illustrating the opposite side of the delay question. Sometimes waiting makes the situation worse. In a hypothetical city on the gulf coast,...
In my last message, I concluded that a futarchy system would benefit from a mechanism that explicitly considers whether to delay a promising proposal or not....
... Your message implies that all attempts to avoid the opacity problem via human judgment require a single authority. I disagree. I suspect part of my...
Bhutan is trying to define national welfare http://www.physorg.com/news125462439.html "The main concerns have been identified as psychological well-being,...
... It wasn't just the word monarchy. You also used "someone" and "that office", which all imply that you're imagining a centralized entity. -- ... Peter...
... Life expectancy provides a fairly objective measure that is rather highly correlated with the concerns that I care about. Some care needs to be taken to...
... I'm glad you asked that. I would include a component to measure self-reported satisfaction. Now, self-reported satisfaction ("happiness") is notoriously ...
I see many problems with these suggested measures Lifespan can be extended in all sorts of authoritarian ways. Ban smoking is an obvious one. Is there any way...
... The law of unintended consequences. This sort of discussion is largely an attempt to anticipate those consequences. ... Or, is there a way to measure...
... well-being is what's being asked about. So the survey question would be something like "Are you better off than you were N years ago?" You could be better...
... That is true. I'm tempted to suggest framing the question in a way that excluded mere age. Something like "Other than being N years older than you were,...
... If we had a good measure of psychological well-being, that should solve this problem. I doubt we can solve the problem without measuring psychological...
... You make a good point. Especially "how they think they ought to have felt" - that's something I hadn't considered. On the other hand, even though I summed...
... By not asking them to do intertemporal comparisons. You appear to have suggested doing those comparisons in order to solve problems associated with...
... It seems to me that satisfaction reports are implicitly some sort of intertemporal comparison. Or at least the alternative bases for satisfaction reports...
... Good job. I'm going to add that to the forum's links, if you have no objection. ... Good point. ... Yes. I've seen that somewhere before. ... Interesting...
... Fine. ... Yes, collusion does complicate the analysis. Adding a private insurance requirement on top of existing rules would reduce moral hazard because...
A month ago we talked about how GDP+ might be measured (in "Measuring Welfare"). I suggested that part of GDP+ could be the sum of individual satisfaction...
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