In Hanson’s futarchy, the utility function of the state is determined by voting but the actual policy is determined by a prediction market. But, voting incentivizes misrepresenting your values to get a larger share of the pie. So, shouldn’t it be something like the VCG mechanism instead?
I like this idea and the VCG mechanism in general, but my guess is that the heuristic “never stack two innovations at the same time” applies here, both for implementation and for optics reasons.
In Hanson’s futarchy, the utility function of the state is determined by voting but the actual policy is determined by a prediction market. But, voting incentivizes misrepresenting your values to get a larger share of the pie. So, shouldn’t it be something like the VCG mechanism instead?
I like this idea and the VCG mechanism in general, but my guess is that the heuristic “never stack two innovations at the same time” applies here, both for implementation and for optics reasons.