Glen Weyl: belief

Transcript context

…Seems to me trust there will be very weak. I wouldn’t believe they’re going to send me enough money. If they tell me they’re going to send me a nurse, I worry about rate of contagion amongst healthcare professionals. What’s the support I get that’s so valuable? I think that getting the precise parameters of that right are really critical, Tyler, and I can’t say that I’ve gotten down to the level of precision necessary. But there’s obviously a real tradeoff there between not inducing people to voluntarily get the disease in order to obtain the support, but also not getting so low that people don’t want to go into that regime. I think there is an incentive-compatible place between there. I’m not sure precisely how to set it. We do know that in the East Asian countries with a wide range of government structures, it seems to have worked out reasonably well, and they’ve managed to induce most people to isolate. I also think there’s a fair bit of altruism and desire to protect your family, which doesn’t go all the way, but it helps broaden the range of incentive compatibility there. What do you think of the Robin Hanson point — this is not a question unique to your system at all — that many young people will want to expose themselves to limited doses in order to get immunity at some point, the certificate, reenter normal life? And can that be a feature of a system rather than a bug?…

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