claviger.net - Impartial Priorities

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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  

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