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Candle problem: Difference between revisions
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You will never guess what happened. | You will never guess what happened. | ||
It turns out | It turns out the group incentivised to be greedy capitalist [[Rent-seeking|rent-seekers]] ''behaved'' like greedy capitalist [[Rent-seeking|rent-seekers]]. They were disinclined to collaborate, forced themselves into a narrow, white-knuckle footrace towards a goal they didn’t well understand and as a consequence they ''didn’t do very well''. | ||
The group ''without'' the pressure to [[Evolution|kill or be killed]], with nothing at stake other than the satisfaction of knowing their work might be useful in some later project, collaborated unselfishly and, on average, solved the problem much more quickly. | |||
Now, this really ought not to need a Ted Talk to point out. The incentives are all wrong: they discourage collaboration of the sort which ''obviously'' will help in solving the problem. | Now, this really ought not to need a Ted Talk to point out. The incentives are all wrong: they discourage collaboration of the sort which ''obviously'' will help in solving the problem. | ||