Pronouncements about the future come easy. Even when made with an air of authority, they’re usually just cheap talk, rarely revisited 딩동뉴스 다운로드. Only the tiny fraction that have proven correct tend to be remembered, when their authors want to take credit.
But what if there were some cash at stake 리눅스 rpm 패키지?
The Long Bets Foundation, a new project masterminded by Well founder Stewart Brand and Wired editor-at-large Kevin Kelly, hopes to raise the quality of our collective foresight by incorporating money and accountability into the process of debate 다운로드.
The idea is simple. If someone makes a grandiose claim, any skeptic can challenge it – “Would you bet on that?” – and the Long Bets Foundation will keep tabs on the wager, whether it takes five years or five decades to come to pass 어도비 플래시 다운로드. If proven right, a predictor can relish the victory; if wrong, the challenger gets the glory.
– Over a ten-year period, the S & P 500 will outperform hedge funds, when performance is measured on a basis net of fees, costs and expenses 솝캐스트 다운로드. – $1,000,000 – (Warren Buffet vs. Protege Partners, LLC)
By preserving the terms of the wager in public view, Long Bets promises to be more than a service for confident prognosticators. Over time, it hopes to foster better understanding of how predictions in aggregate work out in reality – what kinds of truths are easiest (or hardest) to forecast, and what kinds of people are right (or wrong) most reliably.
According to the Long Bets Foundation, all stakes are treated as charitable donations, tax deductible when the bet is made. Bettors designate nonprofits to receive the proceeds. Meanwhile, the foundation holds the funds in an investment account for the life of the bet, with half of the growth covering administrative costs. A competition designed to thrive in the public eye, Long Bets uses time as a teacher.
via Wired, May 2002