Decision-Making Tool vs. Decision-Aid Tool — Decision Markets Edition — REDUX
Chris F. Masse February 15th, 2007
YES, Robin Hanson’s use of the phrase “decision markets” include both meanings. He’s guilty as charged, he says.
REMEDY: Let’s have a terminology that distinguishes between the weak form and the strong form.
YES, Robin Hanson obsesses with the strong form of decision markets (where the market-generated decision replaces the human decision maker, as opposed to simply advising him/her).
REMEDY: Let him talk big, and as soon as he has turned his back, downgrade his strong-form decision markets into a weak form. That way, you can benefit from his interesting idea without automatically sharing his market-world-domination obsession.
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