Dean W. Ball
speaker
545 appearances
1 recordings
1 series
first heard Nov 2024
last heard Nov 2024
Dean W. Ball’s voice in public audio — every appearance, attributed to the second.
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Appearances
And it was like, what if we lose the stuff?
What if the ship sinks, etcetera, et cetera?
And like how do we deal with that?
And there were financial products that evolved over centuries and eventually it turned into insurance.
And it turned out that insurance was an extremely important part for the epoch of modern market capitalism.
There is not a single
capitalist country in the world today that does not have robust insurance markets, but you would never have intuited that you need insurance.
Like if you read Adam Smith, it's not like Adam Smith is like, oh yeah, this is all about insurance.
You have to have insurance.
Right.
You would have never intuited that.
But it was an institutional technology that we needed to develop.
And it was a private one.
inherently public act in some sense.
This like weird risk management of all these things that oftentimes did involve like geopolitical competition and yet
Also like highly technical and specialized knowledge.
It was a new type of institution that got built, a private governance mechanism.
I think that is what we need to build.
That is like where the I think that is where AI governance should go.
And I think a big chunk of that is in essence a technical evaluation problem for all kinds of things, by the way, not just major risks, but also can doctors trust this not to do medical malpractice?
Showing 501–520 of 545 · page 26 of 28
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