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Glen Weyl

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2020-04-29
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2020-04-29
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  1. Travel in different circles, take them all really seriously, and don't let yourself totally compartmentalize them. Ask why there are contradictions and what it means and don't get intellectually lazy about just writing it off to people being different.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  2. I mean, singular identity is one way of putting it. Many people who are economists think they're an economist. Many people who think that they're a libertarian think they're a libertarian. Every identity that I've been part of that I thought I believed in ended up having so much corruption entwined in it. And ultimately, like it's the plurality and intersection of those things where I find meaning. And so it's that sort of singular definition of what I am, who I am that I think I find most constraining.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  3. I think I'm most deeply rebelling against. The separation between the role of the expert and the role of the politically engaged person. I grew up wanting to be a politician for long periods and also wanting to be like a physicist for long periods. And I'm deeply frustrated by the ways in which these things are these separate and contradictory roles in our society and sort of struggling to straddle the divide.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  4. I look for people who have a ability to see beyond the ways in which the field shapes them to see while at the same time internal.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  5. I think I developed intellectually much more quickly than a lot of my peers, and I developed physically and emotionally a lot more slowly. Eventually, I had to balance those things out. But as it turned out, that made me very unsuccessful until I'd gotten to high school, very successful from high school through the very beginning of my career. And then I faced a number of challenges because of it after that. So I think there are just different times in life where different forms of development are more important than others.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  6. So I had always been into rollerblading since I was very young. And I thought it would be a good way to get around Princeton, though the hills ended up having a big challenge for getting around unroller blades. But I pretty quickly abandoned it for that reason. I didn't really like biking like other kids did. And luckily, it caught the eye of my future wife. So that was great.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  7. Well, I mean, I also think there's a deep historical, maybe even stronger historical association between Jews and capitalism. I think it really has to do much more with just abstraction and the ways in which Jews have engaged with the economic world coming from the ways in which they've been able to express their political voice, the fact that there was literacy much earlier in the Jewish community than there was in many other communities at a broad scale that I've actually written about that issue and why Jews have been so engaged with economics. But I don't think it's really socialism in particular. It's both socialism and capitalism. You know, if you look at the Nazis, they often depicted one Jew of socialism and one Jew of international capitalism sort of both eating the German nation. And so Jews have always been put in that position of sort of representing the

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  8. With writing recently. So the reality is, I think I have these themes of trying to find syntheses of different things and those keep recurring and getting nuanced by the more I learn about different fields.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  9. The thing that's funny is that it's certainly the case that I came back to identifying with my Judaism at around the same time that I was starting to move away from libertarianism. I don't know if that's because of the entanglement between sort of the collective element of religion and the ideological element of this other stuff. But I think my unified theory of me on those lines has always been that I've been someone who's hugely about Hegelian synthesis and trying to find things that seem persuasive and to find a way to simultaneously fully embrace them both in my mind by finding some syncretic fusion of them. Intellectually that's something that is quite important to me. And I actually saw from my senior year of high school, I had like a capstone project, which was about conservative liberalism. And actually, if you read it, it reads a lot like when I

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  10. Well, the thing that throws a little bit of wrench into that is that I was actually a Jewish socialist before I became a libertarian.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  11. I don't often have time enough for the meta rationality that that requires. David Foster Wallace was one of the most remarkable people at doing that sort of thing. I aspire to it, but I haven't had quite enough time to figure it out.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  12. Yeah, and those are, I think, actually just two different ways of expressing the same thing. So I view the fundamental role of groups as just a different way of expressing the notion of increasing returns.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  13. Yeah, I would enrich that story a little bit because I alluded to this in that original piece, but now I have a clearer sense of it. I think often the parts of individuals that we're talking about actually are associated with various groups. So I think we should think of individuals as being made up of group identities to a large extent. And group identities is being made up of individuals to a large extent. And so I think we should be moving towards a dual perspective on these things rather than a grounding that sees one as sort of the end point that composes the others.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  14. So, I think almost any moral concept is a useful concept in certain contexts because all our ideas are proxies for some deeper truth that we don't fully understand. So I often make arguments about individual rights, individual liberties, even though I ultimately think we need to get past our standard conception of individuals as atomized and understand individuals more as being sort of an intersection of different social circles that they're a part of. But of course, the more sophisticated these ideas are, the more true to reality, the more complicated and foreign they are. And we always need to strike a balance between clearly communicating and verily similitude to the reality we're trying to describe.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  15. I think it's interesting. I mean, I think you'd probably have to filter a little bit. So like maybe it should be graduate students who should be helping admit undergrads or something like that. I think it's a very interesting idea.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  16. More like the way that we admit students in the university, undergraduate admission, I think is more sensible. And I think there are ways to further improve on that to add sort of more stages of letting in the top matches first, like the people who most want to go to some place and the schools most want them and allowing those parts of the market to clear and then doing the other things later. That's a little bit like early admission, but actually making it much more finely graded.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  17. So I think it's really critical in admissions that, and this is a really different element than intensity of preference, but that as the American system does, at the point when people need to make a lot of costly investments in figuring out what places they like, that they have a sense of who might let them in. So if you think about the medical match system that Al-Roth is very famous for being involved in and Gail and Chapley, they have a system where you rank all the institutions before you know which ones are going to admit you. And that requires you either to do a huge amount of due diligence about all the different institutions or to make guesses about where you're going to get into. And I think that's not a very effective process, even though it has some other properties that people have highlighted.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  18. Or how much respect someone gets from a journal based on who you respect and who they respect and how that filters through. So those are, I mean, I'd have to go into more of it, but I think that those are some ways you can put these elements together to get a much better approach to understanding how you evaluate a scholar.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  19. So we've been working for a while at Radical Exchange on trying to create a new system of sort of peer review and journals where rather than having a set of authors and then referees and editors, instead there's just a ordered list of people who sign on to the article so that authors would have the first chance to sign and maybe editor next and the referees next. But I think this would be a much more incentive compatible way to get good quality referee reports and to actually allocate credit in proportion to what people have contributed to making an article work as compared to the current system where there's a very binary division between the authors who get credit and everybody else who gets very little. And I think you could add into that some really rich stuff around having some quadratic voting in there and then maybe having sort of individualized views of how many citations

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  20. Well, I mean, one thing I've thought about quite a bit has been the evaluation of people for tenure and some of the publication stuff. I don't know if that's higher education really, though, because that's part of it.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  21. I think probably quite similar, but I think that a lot of the more rich and nuanced things, like, for example, restrictions on parks versus restrictions on theaters, I think we'd learn a lot about what's most important to people there.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  22. So I'm a big fan of quadratic voting still. I think the question is quadratic voting for precisely what? The things I'd most like to see quadratic voting be used for in the pandemic response is eliciting from people sort of informed and rich feedback about what things or they value or what elements of the response they value most. And I think it could be quite powerful there in allowing basically large-scale deliberation in a remote fashion. I think we would learn a lot more about what elements, for example, of the social distancing are hurting people the most and what elements people are most willing to accept. And we might get a much richer picture of sort of the cost-benefit trade-offs that we're facing, which I don't think have been very well factored into public policies.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  23. You know, I love turtles and I love Latin America, but I don't feel I have a definitive answer to give to that. I do have the place that I've enjoyed seeing turtles most, which was Puerto Escondido, which is just a relatively small beach town where we saw some nice turtles. But I don't, I'm sure there are better places. I've heard that some of the islands off of Venezuela are some of the best, but my wife got banned from going to Venezuela because she wrote a critical report on the government. And so we've never been able to go to Islam Margarita, which is supposed to be, Magdalene, I believe, which is supposed to be one of the best places.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  24. I once tried to be one. I don't think I was all that successful. And I don't read nearly as much movie criticism as I used to in the past. I think what I like in a movie critic is when they're able to capture the emotional feeling of a film and what it would be like to experience it without talking too much about what actually happens.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  25. Memento. Because it captures a really critical philosophical issue in an extremely engrossing thriller fashion. And it's sort of like Don McLean. It's sort of like it's getting at something deep and rich, but in a way that's broadly accessible.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  26. Yeah, so Milton Friedman, if you read capitalism and freedom, it's beautiful. It's one of my favorite books. And I actually think it's very similar to Rawls. And it's funny because a lot of people on the left love Rawls, but they hate Milton Friedman. And I actually think their visions are very similar.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  27. So, first of all, Julius and I disagree on a great many things, but I have a huge amount of respect for his intellect. And I think he's one of the people who really challenges a lot of the ways that people have fallen into thinking. And he did it really at a time when I think that was incredibly necessary. So I'm a big fan of his. I really like collaborating with him, even though in some ways we're sort of polar opposites. I mean, he's a nationalist. I'm very much a anti-nationalist in my basic outlook.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  28. I think that they think people respect law more than they actually do because I think that they don't really see the favelas and the informal settlements very much on most standard trips and they don't realize how pervasive the fact that people are living sort of outside the law is to the way that everyday life works in Latin America.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  29. So, I actually don't know much about the dynamics of his career, and I like a couple of his other songs, but I agree. It is kind of remarkable that he's such a one-hit wonder.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  30. It manages in very accessible and catchy way to be just sort of elusive enough about historical events that you can make sense of it and yet still appreciate the poetry and complexity of how it's speaking to things.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  31. My guess is that there will be a lot of large corporations that take on important social responsibilities because of the trust environment that you were talking about, and that it becomes increasingly illegitimate for them to be run under a pure shareholder maximization perspective once they're taking on that role. And so I think we're going to see fundamental shifts in some of the corporate governance parameters as a result of the social role that a bunch of companies end up taking on.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  32. So, first of all, I don't think blockchain is very salient, period. If you think about the conversations around technology and society, AI is way up there, Internet of Things is way up there. Blockchain is pretty far down in terms of the broad public imagination. Within the blockchain community, obviously that's a bit different. And within that community, I think there has been quite a bit of focus on what are the best ways to do things like contact tracing. If you call that blockchain or not as a bit of a question, but certainly privacy-preserving cryptographic technologies, if anything, I think are getting more attention now than they were getting before because of the emphasis on trying to do contact tracing in a privacy-preserving way.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  33. Mechanism for warning us about future crises. It's very hard to innovate in those fundamental ways in the midst of a crisis, which is why at some level the proposals I've been pushing for this have been sort of conservative in nature. They're like drawing on things we really know have worked in the past rather than experimenting with new things. But I think as an early warning system for this type of thing, I believe all the more in that type of democratic technology.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  34. Well, it's actually kind of interesting because the first thing I wrote about COVID was not the stuff that I'm doing now, but it was about Taiwan's experience and how much better Taiwan had done. And it appears this is still going than even places like Singapore and China. And I think one critical reason for that is that Taiwan has this really rich democratic technology tradition in which citizens are engaged in making technical tools that then help scale up and govern the country. And I think in China and in the US for different reasons, the technical elites are quite divorced from those who their technology is meant to serve. And therefore they've been very poorly responsive to the emergent issues on the ground, the signals have not been reaching them from the local knowledge very effectively. And so that actually makes me believe that radical exchange ideas may be a very powerful mechanism.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  35. Yeah, I mean, I think that one thing we need to change is the way that universities evaluate professors for tenure and the way that we evaluate people for prizes. I think it needs to be, there needs to be a much, much greater emphasis on your ability to bring things into public discourse in evaluating people rather than just the steam of your colleagues and getting the right metrics on that is really tricky thing. I bet it's something you've thought about, actually, Tyler. But I think we need to be bringing that public engagement and delivery of things directly to the public much more into how we evaluate people. You look at someone like Henry George. Henry George was one of the great economists and he ran for mayor of New York. And he actually beat Theodore Roosevelt. So, you know, I'd like to see more economists living that sort of a life. And Milton Friedman obviously had a bit in that direction. John Kenneth Galborth, we need more of that.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  36. Yeah. So, I mean, I think one of the most important failings of the economics profession right now, and I think this is something you're doing a great job of trying to rectify with the engagement work you do, has to do with the lack of accountability to public discourse. And this is something that's really systematic across American society, not just in economics. But there's a very unhealthy relationship to expertise, where either there's sort of a total disregard of and distrust of expertise or a deference to it, rather than the notion, you know, if you look at someone like Milton Friedman, that the way you judge an expert is by their ability to distill things down and convey a message that becomes part of the public discourse. And I think that's hurting us in the COVID situation, and I think it's been a disaster in the economics profession.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  37. I think price theory is actually making quite a bit of resurgence in the last couple of decades. Raj Chetty, Amy Finkelstein, John Levin, people like this who've won the John Mates Clark medal recently have really drawn on it a lot. I think it fell out of favor in the 80s and 90s, largely because of a lot of the rise of sort of the mathematization of economics, the rise of technology within the profession, the increasing focus on sort of refinement of methods as opposed to engagement with the public. So I think that those were some of the underlying reasons. There's also an association with the University of Chicago and in particular ideological view there, which sort of mixed it all up with politics. And that's something that I think Has become less and less true with this new wave that I was describing.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  38. Yeah, I mean, I'm not saying that there wouldn't be some of that, but I wouldn't say that on average that's going to be the case. A lot of the long-term care facility workers who are some of the most dangerous spreaders are not people of a lot of means.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  39. Yeah, you definitely want high prices to the suppliers for sure. Absolutely. I just don't think the best way to do that is by on the demand side allocating according to the price mechanism. So I absolutely agree with Alex Tabarock that things like advanced market commitments that throw a lot of money at the supply chain make a ton of sense. But whatever comes out of the supply chain, I don't just want allocated by the price mechanism to a bunch of rich people who want to go out and have dinner somewhere. I want it allocated to the people who are going to spread the disease the most because that will let everybody go out and go back to normal life at a much lower cost.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  40. Yeah, I think the problem I have with the price mechanism here is not the usual quote price gouging or variable pricing, but the fact that there's so many externalities in the allocation of some of these critical inputs here. And in principle, we could try to price those externalities. But in practice, trying to get such a pricing mechanism and sort of the information required for it in place quickly is going to be very hard. And so therefore, I think we need to have a lot of non-price allocation, not of the whole economy, but just of the like really critical elements like testing and certain types of PPE, because I think otherwise we're all going to be harmed by that not being allocated to those nodes, as you were talking about, where they have the largest costs associated with it.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  41. Okay, so I think some of my favorite ideas actually aren't necessarily on radical markets but on radical exchange ideas more broadly. So, like, for example, I think a huge problem we have right now is that cultural industries are struggling to survive or thrive in the internet world. And we're now suddenly completely in the internet world. So all the possibilities of doing in-person gigs that were really supporting a lot of the music sector are gone. So I'd really love to see a pool of funding be put into the sort of matching mechanisms that we've been emphasizing to sort of improve the environment for things like Patreon and Kickstarter to fund cultural innovation that will help sustain morale during the times when people are separated from each other.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  42. So I certainly support some forms of that. I think testing essential workers, especially in long-term care facilities, where there's a possibility not just for a lot of spread, but for a very dangerous spread, makes a lot of sense. I think having a very top-down regime of someone analyzing a bunch of data and on the basis of some probably pretty tenuous statistical correlation claiming that such and such a person needs to be tested and then sort of coercively going in and testing them on a government basis, it does not seem to me like a very robust regime. So I think that there's some robust elements of this that I would love to see implemented, probably largely through private demand. I want my person taking care of me to be tested. And then there's other things that seem to me sort of problematic and potentially authoritarian.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  43. Paul's plan on terms of the number of tests required will take much longer to ramp up to that point. So we'll end up with one, two more months of freeze in place. So overall, I think that there's a strong case to be made for test trace and supported isolation instead of just testing. But on the other hand, I think it's great that he's advocating an ambitious target just as we are.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  44. So, overall, I think there's a lot of similarity between us and Paul. Paul believes in mass scale testing, and we do as well. Paul thinks that tracing is so problematic that he would rather see universal very frequent testing rather than tracing being used to reduce the number of tests necessary. His plans correctly calculated would require something like 10 to 20 times the number of tests that ours would, and therefore has costs much closer to something like $500 billion rather than $100 billion. It would also be much more intrusive because there would be a much greater reliance on these negative test certificates that you were talking about earlier, Tyler. And therefore, I think from both the Civil Liberties and a Cost perspective, I strongly prefer a regime that also involves tracing. But look, Paul's plan, and the other thing I would say is because it's so ambitious.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  45. Well, look, there's a clear trade-off between the two of them, and there are sort of minimum requirements that are needed to get this working at all. And I would say those things have to be met. the fastest possible subject to those being met is probably going to be much more important than getting it all precisely right

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  46. Think it'll depend a huge amount on what part of the country you're in. So in suburban, rural areas, I don't think many people will download it. And I don't think there's any reason for them to. I think in areas with a lot of high density public amenities, a lot of people will download it. And some of them, especially some of the private amenities, may choose to require you to show that you have the app before you end.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  47. I don't even know how to do that. I would say 10 to 1. So the cost we estimate of our plan are on the order of a bit less than a month of continued freeze in place.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  48. I mean, I think that that is not desirable because during the period, we don't know how asymptomatic and presymptomatic transmission precisely works here. And I think a lot of young people, if they do that, would be putting their more vulnerable and elderly relatives into a lot of risk. So I think that's something we would like to discourage, but I don't think it's something that we should have more than social sanctions against.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  49. I mean, I think that getting the precise parameters of that right are really critical, Tyler, and I can't say that I've gotten down to the level of precision necessary because there's obviously a real trade-off there between not inducing people to voluntarily get the disease in order to obtain the support, but also not getting so low that people don't want to go into that regime. I think there is an incentive-compatible place between there. I'm not sure precisely how to set it. We do know that in the East Asian countries with a wide range of government structures, you know, it seems to have worked out reasonably well, and they've managed to induce most people to isolate. I also think there's a fair bit of sort of altruism and desire to protect your family, which doesn't go all the way, but it helps broaden the range of incentive compatibility there.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source

  50. Until that time, all the tests are being used in a test and trace regime. And if you test positive in the test and trace regime, you will go into supported isolation. So both, you'll end up having your health protected, but also you'll get the support so that you can actually be just as well off as if you didn't get the negative test.

    2020-04-29 · Conversations with Tyler · Glen Weyl on Fighting COVID-19 and the Role of the Academic Expert · IDENTIFIED FROM THE TRANSCRIPT · source