Institutions for devils
2021-05-01 — 2022-02-27
Wherein institutions for devils are examined and the role of economic mechanism design in anticipating selfish sociopaths who will attempt to change the game is considered, and design failures are noted.
agents
collective knowledge
cooperation
culture
democracy
distributed
economics
game theory
incentive mechanisms
institutions
insurgency
mind
networks
policy
rhetoric
social graph
sociology
wonk
Twin to institutions for angels.
Designing institutions for devils, as opposed to devils, is also a failure mode, I argue. Economic mechanism design experts like to handle the case of selfish sociopaths efficiently. So selfish sociopaths will generally try to change the game.
Is there more stuff to say here?
1 Stop and frisk
TBC