Care to explain your objection?
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Replying to @robinhanson
Hi Robin—both macro and micro. I’ll take them in turn.
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Replying to @SimonDeDeo @robinhanson
Macro: criminal penalties are primarily expressions of social norms—not a desire for increased efficiency. Monetary incentives are great for latter, terrible for former.
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Replying to @SimonDeDeo @robinhanson
Evidence for this in history/criminology. Our major normative advances came through an interaction between individual and state. So, prims facie, you have an impedance mismatch.
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Replying to @SimonDeDeo @robinhanson
Take, further, the case of driver liability insurance. It’s implausible (simply from lived experience) that people are incentivized to avoid harm to others because of the need to carry insurance.
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Replying to @SimonDeDeo @robinhanson
(This may not seem obvious to you. I don’t mean you can’t find an effect. But simply the obvious: we drive safely because we desire to avoid harm to others.)
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Replying to @SimonDeDeo
Even if we have other motives to avoid car accidents, accident liability insurance may still help to give better total incentives. Do you recommend eliminating this current requirement?
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Replying to @robinhanson
Bigger picture: I think a system of personal financial liability is broken, and is for fundamental (not contingent) reasons.
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Replying to @SimonDeDeo
Do you mean you'd eliminate the auto liability insure requirement, disallow all legal liability, disallow all debt, or what?
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Replying to @robinhanson
Since you ask: yes, yes, and yes—though not in the current state we have. That’s a book, though, not a tweet thread!
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Heh, and here I thought that Robin Hanson was supposed to be more radical.
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