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DAOs and The Iron Law of Oligarchy
eriktorenberg.substack.com
From Robyn Dawes’s Rational Choice in an Uncertain World.1 Bolding added. Norman R. F. Maier noted that when a group faces a problem, the natural tendency of its members is to propose possible solutions as they begin to discuss the problem. Consequently, the group interaction focuses on the merits and problems of the proposed solutions, people beco
... See moreEliezer Yudkowsky • Rationality
Big Idea Two: Good Institutions Align Self-Interest with the Social Interest
Alex Taborrok • Modern Principles of Economics
A biologist observed that “when a territory holder is challenged by a rival, the owner almost always wins the contest—usually within a matter of seconds.” In human affairs, the same simple rule explains much of what happens when institutions attempt to reform themselves, in “reorganizations” and “restructuring” of companies, and in efforts to ratio
... See moreDaniel Kahneman • Thinking, Fast and Slow
Impact Networks with David Ehrlichman | Green Pill #59
youtube.comNature’s way of testing any self-replicating device is competition. For over three and a half billion years,354 she has set the products of the genetic system in a race to see who can corner the good things of this life.
Howard Bloom • The Lucifer Principle: A Scientific Expedition into the Forces of History
As recipients of US foreign aid, it was in their best interest to appear to be supporting the US in its war effort.
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
We favor the policy of prompted choice because there is no evidence that a viable alternative system would save more lives (and hence is superior in terms of the interests of Patients), and because we think it does the best job of respecting the rights and interests of Potential Donors and Families.
Cass R. Sunstein • Nudge: The Final Edition
Mechanism Design
Marcel Mairhofer and • 4 cards