What are the most striking sources for really new institutional ideas? An example is @robinhanson's great list: http://mason.gmu.edu/~rhanson/altinst.html …
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This seems like the sort of thing you can only pull off once ...
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That's excellent news! I had assumed once the prize was claimed insurers would be more gun-shy but I guess the actuarial odds are still in their favor.
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Could you think of investment as taking a long position on innovation and hole-in-one insurance as shorting it?
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