Do impact markets or impact certificates help with this, even in theory? Say you press a (real or metaphorical) stop button in a situation where lots of other people would have chosen differently, due to financial incentives or other reasons. There would plausibly be people willing to buy the impact of your decision at a high price.
If it’s not immediately obvious that you made a correct / net-positive decision, the initial impact buyers might be investors rather than philanthropists, gambling that they will later be able to resell the purchased impact to philanthropists in the (perhaps distant) future.
I don’t think impact markets are currently mature / liquid enough that you should actually count on them for anything right now, but this consideration probably still has some effect on the expected value calculation which is at least directionally aligned with incentives the way you want.
Do impact markets or impact certificates help with this, even in theory? Say you press a (real or metaphorical) stop button in a situation where lots of other people would have chosen differently, due to financial incentives or other reasons. There would plausibly be people willing to buy the impact of your decision at a high price.
If it’s not immediately obvious that you made a correct / net-positive decision, the initial impact buyers might be investors rather than philanthropists, gambling that they will later be able to resell the purchased impact to philanthropists in the (perhaps distant) future.
I don’t think impact markets are currently mature / liquid enough that you should actually count on them for anything right now, but this consideration probably still has some effect on the expected value calculation which is at least directionally aligned with incentives the way you want.