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Sounds like hell: In a nutshell, Sannikov’s theories describe how an employer would adjust a contractor’s compensation in real time, in response to changing pe
by gegtik 10y ago
Sounds like hell:
In a nutshell, Sannikov’s theories describe how an employer would adjust a contractor’s compensation in real time, in response to changing performance and external conditions. Where most previous researchers only allowed contracts to be updated at regular intervals, Sannikov described what happens when they can be changed infinitely fast.
- gamblor956 10y agoNot just like hell, but illegal to in the context you describe. Contracts require both parties to agree to the terms--and to subsequent changes to those terms. Sannikov's proposal is DOA, though based on the article it was probably intended more as a thought exercise than as an actual proposal for the future of law.
- Terr_ 10y ago> Contracts require both parties to agree So... Next step: Giving power of attorney to a software agent. (What could possibly go wrong?)
- Bombthecat 10y agoProbably the first few times will go wrong. But the time and money saved is just too appealing
- deleted 10y ago[deleted]
- ovi256 10y agoDon't forget this is already done for trading commodities, stocks, bonds and their derivatives. As well as online ad slots and who knows what else. Sannikov's simply thought about extending that model to employment relationship. It would have, I think, the effect of transforming them in contracting relationships, even before HFTing the labor itself.