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23 sats \ 4 replies \ @SimpleStacker OP 14 Jan \ parent \ on: The Pleb Economist #2: Politics is Provably Hard econ
I think the VCG works something like this. The winners pay the difference between their bids and the runner ups' bids. I think Bitcoin would make such systems more practical to implement, since the monetary commitments can be secured and verified by code.
Have you ever tried talking to a normal person about these ideas?
In my experience, they are not well-received (to say the least).
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I'm pretty selective on who I share my "econ" thoughts with. If they seem pretty open minded and enjoy thinking of unorthodox ideas, then I like talking about it. But otherwise, yeah, most people don't seem to have the patience for it.
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I've noticed that any rational discussion of voting triggers a pretty quick emotional reaction from normal people.
I think Jonathan Haidt would link it to a sense of Sanctity.
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Yes, agreed. I do think economists put too little stock into ideas like sanctity and repugnance. I mean, the utility function is implicitly a consequentialist approach to ethics. What if people care as much about process as outcomes?
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