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I don't think this is true. This incentive is eliminated by the fact that you can always gauge an industry's success rate. In this case, we gauge how efficient
by feanaro 6y ago
I don't think this is true. This incentive is eliminated by the fact that you can always gauge an industry's success rate. In this case, we gauge how efficient they are at making us well, compared to not following their advice. You can also outsource this gauging to an external entity, which should not have this particular perverse incentive.
This solution does not work if we fall down into the trap of having a few gigantic corporations handle everything for us, which unfortunately seems to be the recent trend.
- StavrosK 6y agoThat solution changes the incentive to them just performing slightly better than doing nothing, instead of the best they could. My issue is with the GP implying that there are other fields that do have an incentive to make you maximally well, when I contend is impossible when you're paying someone for cures.
- feanaro 6y ago> That solution changes the incentive to them just performing slightly better than doing nothing, instead of the best they could. Does it? You don't simply gauge whether someone is performing better than the baseline, but how much better. This allows you to select the best performer.