Executive summary: Impact markets, where philanthropists offer prizes for solving problems while investors fund promising teams, could accelerate solutions to global issues.
Key points:
Prizes motivate results instead of promises, ensuring funders get what they pay for.
Investors identify and fund the most capable teams to solve issues.
Impact markets separate problem identification from team selection.
Repeated prizes and investments can scale solutions to more issues.
Prizes for societal value resemble capitalism; the combination enables an altruistic marketplace.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, andcontact us if you have feedback.
Executive summary: Impact markets, where philanthropists offer prizes for solving problems while investors fund promising teams, could accelerate solutions to global issues.
Key points:
Prizes motivate results instead of promises, ensuring funders get what they pay for.
Investors identify and fund the most capable teams to solve issues.
Impact markets separate problem identification from team selection.
Repeated prizes and investments can scale solutions to more issues.
Prizes for societal value resemble capitalism; the combination enables an altruistic marketplace.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, and contact us if you have feedback.