LESSWRONG
LW

2818
Vin
0010
Message
Dialogue
Subscribe

Posts

Sorted by New

Wikitag Contributions

Comments

Sorted by
Newest
No wikitag contributions to display.
Futarchy's fundamental flaw
Vin3mo*10

Is one of the methods of getting causal estimates that you're going to write about simply to give each possible decision a non-zero random chance of being selected? Here's what Hanson wrote about this approach:

Conditioning on random decisions should very effective, but seems expensive. However, it seems much less expensive to sometimes randomly not do a policy change that you were going to do, than to sometimes randomly do a policy change you were not going to do. So I suggest that a futarchy system for considering and adopting proposals randomly reject say 5% of the changes that it would otherwise have accepted. This should ensure good estimates conditional on not adopting proposals, leaving only the potential problem of a decision selection bias distorting estimates conditional on adopting some proposal.

https://open.substack.com/pub/overcomingbias/p/decision-selection-bias

Reply
No posts to display.