JFIResearch + policy   73

Overcoming Bias
At TED 2017 I heard many talks where speakers point out a way that our world is not ideal. For example, speakers talked about how tech firms compete to entice users to just pay attention to them, how cities seem to be spread out more than is ideal, and how inner city grocery stores have less fresh food. But speakers never attributed problems to a particular standard kind of market failure, much less suggest a particular institutional solution because it matched the kind of market failure it was to address. While speakers tend to imply government regulation and redistribution as solutions, they never consider the many ways that regulation and redistribution can go wrong and be costly.

It is as if TED audiences, who hear talks on a great specialized many areas of science and tech, were completely unaware of key long-established and strongly-relevant areas of scholarship. If TED audiences were instead well informed about institution design, market failures, and regulatory costs, then a speaker who pointed out a problem would be expected to place it within our standard classifications of ways that things can go wrong. They’d be expected to pick the standard kind of institutional solution to each kind of problem, or explain why their particular problem needs an unusual solution. And they’d be expected to address the standard ways that such a solution could be costly or go wrong. Perhaps even adjust their solution to deal with case-specific costs and failure modes.
metaresearch  thinktanks  policy 
june 2017 by JFIResearch

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