Quadratic Funding with Incomplete Information
Luis V. M. Freitas (Global Priorities Institute,
University of Oxford) and Wilfredo L. Maldonado
(University of Sao Paulo)
GPI Working Paper No. 10 - 2022, published in Social Choice and Welfare
Quadratic funding is a public good provision mechanism that satisfies desirable theoretical properties, such as efficiency under complete information, and has been gaining popularity in practical applications. We evaluate this mechanism in a setting of incomplete information regarding individual preferences, and show that this result only holds under knife-edge conditions. We also estimate the inefficiency of the mechanism in a variety of settings and show, in particular, that inefficiency increases in population size and in the variance of expected contribution to the public good. We show how these findings can be used to estimate the mechanism’s inefficiency in a wide range of situations under incomplete information.
Other working papers
Against the singularity hypothesis – David Thorstad (Global Priorities Institute, University of Oxford)
The singularity hypothesis is a radical hypothesis about the future of artificial intelligence on which self-improving artificial agents will quickly become orders of magnitude more intelligent than the average human. Despite the ambitiousness of its claims, the singularity hypothesis has been defended at length by leading philosophers and artificial intelligence researchers. In this paper, I argue that the singularity hypothesis rests on scientifically implausible growth assumptions. …
Shutdownable Agents through POST-Agency – Elliott Thornley (Global Priorities Institute, University of Oxford)
Many fear that future artificial agents will resist shutdown. I present an idea – the POST-Agents Proposal – for ensuring that doesn’t happen. I propose that we train agents to satisfy Preferences Only Between Same-Length Trajectories (POST). I then prove that POST – together with other conditions – implies Neutrality+: the agent maximizes expected utility, ignoring the probability distribution over trajectory-lengths. I argue that Neutrality+ keeps agents shutdownable and allows them to be useful.
Existential risks from a Thomist Christian perspective – Stefan Riedener (University of Zurich)
Let’s say with Nick Bostrom that an ‘existential risk’ (or ‘x-risk’) is a risk that ‘threatens the premature extinction of Earth-originating intelligent life or the permanent and drastic destruction of its potential for desirable future development’ (2013, 15). There are a number of such risks: nuclear wars, developments in biotechnology or artificial intelligence, climate change, pandemics, supervolcanos, asteroids, and so on (see e.g. Bostrom and Ćirković 2008). …