Comments on: Musing about perfect markets, perfect information and rational behaviour

By: Pete

Pete — Thu, 18 Feb 2010 12:00:02 +0000

You are so right about the procurement process. It’s not rocket science to get it right.

By: zoomer

zoomer — Fri, 15 Sep 2006 16:12:42 +0000

power will succumb to profit motive though.

as more information becomes increasingly interlinked, it becomes of exponential value to provide information in return for the gains from access to the whole.

data interactivity has not yet reached that simplicity threshold.

By: Dennis Howlett

Dennis Howlett — Thu, 14 Sep 2006 20:08:46 +0000

when they’re allowed to…

By: JP

JP — Thu, 14 Sep 2006 17:53:33 +0000

…and guess what? maybe blogs distribute knowledge… :-)

By: Dennis Howlett

Dennis Howlett — Thu, 14 Sep 2006 17:25:05 +0000

JP – you know the answer to this: power domains. And nothing but nothing disintermediates power more than distributed knowledge.

By: Ross Mayfield

Ross Mayfield — Thu, 14 Sep 2006 02:38:44 +0000

I think the difference with Defra is not making room for multiple points of view, each with their own space.

As with many first time experiments with open, the knee-jerk reaction is to pull back, without rethinking, with those involved.

Beyond that, this simple analogy may yield something http://www.socialtext.com/node/98

By: John Dodds

John Dodds — Wed, 13 Sep 2006 20:06:42 +0000

Are we scared of perfect information? I’m not convinced. I think the fear is justifiably of something that is imperfect information being ascribed the powerful moniker of perfect information. That seems rational to me.

As for the DEFRA experiment – I find it ridiculous. Some civil servant having an obsession with some internal directive about being digital I imagine. Like so many public sector initiatives, it was all theory and gave no thought as to how it could be misused/abused. Moreover, it was categorically undemocratic because not everyone has access to this technology or the ability to use it.

I don’t think those objections make me afraid of perfect information, but maybe they do.

By: bobby orbach

bobby orbach — Wed, 13 Sep 2006 18:24:52 +0000

So why do we do this? Why do we have so much fear of perfect information?

because even ‘perfect information’ can never be perfect for everyone. sometimes it’s better to create not so perfect information that will appeal to a broader audience and across multiple cultures.
bobby