I have a somewhat different proposal for the name “Epistemic Trade”. (I just came up with the name, then searched for it, then found this).
2 parties have different beliefs on X. They find some way to trade with each other, so that based on each parties’ beliefs, they come out better.
Many bets would count, as “Epistemic Trade”. But so would more complex negotiations.
With AI risk, the EA community might want to make an “Epistemic Trade” with other lobbyists. We think that AI will happen much faster, and be much more dangerous than they think. So, we try to carve out these very specific situations for our lobbying work, and give up more of the normal worlds.
Also curious to get takes here. I feel like there should be existing terminology for this, but a quick search didn’t bring up anything.
I have a somewhat different proposal for the name “Epistemic Trade”. (I just came up with the name, then searched for it, then found this).
2 parties have different beliefs on X. They find some way to trade with each other, so that based on each parties’ beliefs, they come out better.
Many bets would count, as “Epistemic Trade”. But so would more complex negotiations.
With AI risk, the EA community might want to make an “Epistemic Trade” with other lobbyists. We think that AI will happen much faster, and be much more dangerous than they think. So, we try to carve out these very specific situations for our lobbying work, and give up more of the normal worlds.
Also curious to get takes here. I feel like there should be existing terminology for this, but a quick search didn’t bring up anything.