3 ms·
The obvious next step is to create a real-time market for employee performance reviews, allowing employees to bet on and against their and other employees' perf
by cs702 10y ago
The obvious next step is to create a real-time market for employee performance reviews, allowing employees to bet on and against their and other employees' performance reviews and possibly even trade derivatives priced based on baskets of rising or falling performance reviews.
There would be many benefits. For starters, having a liquid, efficient market for performance reviews in which employees are able to bet on each others' reviews with minimal frictional costs would unleash market forces that would keep the performance reviews accurate (right?). But the really big payoff would come down the road, when this market could be opened to external investors like the venerable firm that manages your Aunt Tilly's pension plan, generating new sources of trading revenues for Goldman.
In all seriousness, I'm not sure real-time performance reviews are a good idea. They immediately bring to mind the societal nightmare of Black Mirror's "Nose Dive" episode: http://www.theverge.com/2016/10/24/13379204/black-mirror-season-3-episode-1-nosedive-recap http://www.theverge.com/2016/10/24/13379204/black-mirror-sea...
- AstralStorm 10y agoPeople cannot bet on what they don't know. This is how all markets are really inefficient.