University of Cambridge > Talks.cam > Isaac Newton Institute Seminar Series > PLENARY TALK - Robin Hanson (George Mason University & Oxford) - Pay Experts for Results, Not Prestige

PLENARY TALK - Robin Hanson (George Mason University & Oxford) - Pay Experts for Results, Not Prestige

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IDP - Infectious Dynamics of Pandemics: Mathematical and statistical challenges in understanding the dynamics of infectious disease pandemics

Abstract: Doctors, lawyers, priests, teachers, politicians,
fundmanagers, researchers, and more – how can we get experts to serve
us?We have fivemain ways: pay for results, require procedures, or
pick based on track records,prestige, or loyalty. Picking onprestige
is most common. But paying forresults seems most robust, though for
cash-paid experts it requires that customersprevent expert coordination,
or wait long to pay. For experts who forecast,paying for results can
often be achieved viaprediction markets, which havegreat untapped
potential.



Resources:

http://hanson.gmu.edu/expert.pdf

http://hanson.gmu.edu/futarchy.html

http://www.overcomingbias.com/2019/07/radical-pay-for-results.html

http://www.overcomingbias.com/2020/05/five-ways-to-rate.html

http://www.overcomingbias.com/2020/06/science-2-0.html

This talk is part of the Isaac Newton Institute Seminar Series series.

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