Published: 2022-04-19 Modified: 2022-07-16
There is no qualitative distinction between investors and retroactive funders on an impact market. Rather they will de facto fall along a spectrum of how altruistic they are. That is because investors will (1) expect investments into well-defined prize contests to be less risky than fully speculative investments, and will (2) expect more time to pass before they can exit fully speculative investments, so that a counterfactual riskless benchmark investment represents a higher threshold for them to consider i
Published: 2022-03-14