Roger M. Stein of MIT gave a TED talk on how to distribute the risk of things like pharmaceutical research. This emphasized funding research and distributing risk from the products of the research, but would probably be a useful method for a syndicate to generate funds.
The talk is called “A Bold New Way to Fund Drug Research”, which I cannot link effectively because they made the poor choice of using underscores everywhere which markdown hijacks.
I find the idea of treating things as financial assets very interesting, because you can split risk among multiple types of assets because they all have payoff functions. This is similar to how you can multiply probability functions together from all of the evidence.
Roger M. Stein of MIT gave a TED talk on how to distribute the risk of things like pharmaceutical research. This emphasized funding research and distributing risk from the products of the research, but would probably be a useful method for a syndicate to generate funds.
The talk is called “A Bold New Way to Fund Drug Research”, which I cannot link effectively because they made the poor choice of using underscores everywhere which markdown hijacks.
His website is here: http://www.rogermstein.com/#header
I find the idea of treating things as financial assets very interesting, because you can split risk among multiple types of assets because they all have payoff functions. This is similar to how you can multiply probability functions together from all of the evidence.