Maybe this turns out to be kind of a nice ethics question. You might make it part of the governance. Burr could do his sales, then _immediately_ contact a broadcast network and make a statement, saying “I just dumped a bunch of stock because I know how bad the COVID epidemic is going to be. I am told it’s called a `costly signal’ by the people I spend my day-job attacking. Wanted to share that with you all, so we were on a level field (except I sold before I made this announcement).” A little bit like Fuchs’s giving his own work to the Russians, because he worried that a knowledge asymmetry would be destabilizing.
One might argue that, for any decision in isolation, whether it is ethical or not _may_ be isolated to a binary variable for the decision, or may be affected by wider patterns of behavior. Eric > On Jan 22, 2025, at 6:41 PM, Barry MacKichan <barry.mackic...@mackichan.com> > wrote: > > What about the case of North Carolina’s Senator Burr, who dumped large > amounts of stock after he attended a closed meeting on how bad the Covid > epidemic was going to be? Can you expect someone who knows that he will lose > several hundred thousand dollars if he doesn’t act on the information to grit > his teeth and take the loss? On the other hand, if he sells, is he cheating > the buyers? > > — Barry > > On 21 Jan 2025, at 18:18, Marcus Daniels wrote: > > If our representatives get a little better inkling of where the market is > headed from being involved in governance, then I guess that compensates for > the money they don’t make in private industry. This is an incentive to > participate in governance. > > > From: Friam <friam-boun...@redfish.com> on behalf of Barry MacKichan > <barry.mackic...@mackichan.com> > Date: Tuesday, January 21, 2025 at 3:15 PM > To: The Friday Morning Applied Complexity Coffee Group <friam@redfish.com> > Subject: Re: [FRIAM] Pelosi needs a cryptocoin > > I’m not sure that we should require couples to get a divorce when one is a > politician and the other is a venture capitalist. Having said that, it is > hard to believe that information obtained by the politician doesn’t leak to > the VC. I agree that it is a problem, but there seems to be a reason to > distinguish between crooks. > > > — Barry > > On 21 Jan 2025, at 18:05, Jon Zingale wrote: > > https://www.quiverquant.com/congresstrading/politician/Nancy%20Pelosi-P000197 > > > I love that she is wrecking the SPY. Why bother to distinguish between crooks? > > .- .-.. .-.. / ..-. --- --- - . .-. ... / .- .-. . / .-- .-. --- -. --. / ... > --- -- . / .- .-. . / ..- ... . ..-. ..- .-.. > FRIAM Applied Complexity Group listserv > Fridays 9a-12p Friday St. Johns Cafe / Thursdays 9a-12p Zoom > https://bit.ly/virtualfriam > to (un)subscribe http://redfish.com/mailman/listinfo/friam_redfish.com > FRIAM-COMIC http://friam-comic.blogspot.com/ > archives: 5/2017 thru present https://redfish.com/pipermail/friam_redfish.com/ > 1/2003 thru 6/2021 http://friam.383.s1.nabble.com/ > > .- .-.. .-.. / ..-. --- --- - . .-. ... / .- .-. . / .-- .-. --- -. --. / ... > --- -- . / .- .-. . / ..- ... . ..-. ..- .-.. > FRIAM Applied Complexity Group listserv > Fridays 9a-12p Friday St. Johns Cafe / Thursdays 9a-12p Zoom > https://bit.ly/virtualfriam > to (un)subscribe http://redfish.com/mailman/listinfo/friam_redfish.com > FRIAM-COMIC http://friam-comic.blogspot.com/ > archives: 5/2017 thru present > https://redfish.com/pipermail/friam_redfish.com/ > 1/2003 thru 6/2021 http://friam.383.s1.nabble.com/ > > .- .-.. .-.. / ..-. --- --- - . .-. ... / .- .-. . / .-- .-. --- -. --. / ... > --- -- . / .- .-. . / ..- ... . ..-. ..- .-.. > FRIAM Applied Complexity Group listserv > Fridays 9a-12p Friday St. Johns Cafe / Thursdays 9a-12p Zoom > https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fbit.ly%2fvirtualfriam&c=E,1,xOG-wY778fXRrncd_TokEg_WidY3k8cMrkq3N6cAbY4tlGATvApNLCx_qCVDedFaVG6MItmyXmnxbN5vmjwzSF0CMz1e_e_dZdsqU3ZIb-tK4DlI-OhSDf6i&typo=1 > to (un)subscribe > https://linkprotect.cudasvc.com/url?a=http%3a%2f%2fredfish.com%2fmailman%2flistinfo%2ffriam_redfish.com&c=E,1,1j307dIM1wiCg3wXrsmiX8pBMAnl9y8MRmk-Z4xkrHViMf3Wp6q4BpXdlhNRnKIBwKvLoyR5M8MO6no99V8PYc7HODk-9tdIDgVi7gxMqmrl0gTjvzgxQA,,&typo=1 > FRIAM-COMIC > https://linkprotect.cudasvc.com/url?a=http%3a%2f%2ffriam-comic.blogspot.com%2f&c=E,1,tf167VdHIcP68yCxKqFP-JJeyXYpYa8LkS-ydxr42a65kBT-8F9s2ZG_Hx4BjpwdJfhnp6pYruSSdOpH274mSogmDH_y3qIaki3qYrt0WoG3JG89y4-5CA,,&typo=1 > archives: 5/2017 thru present > https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fredfish.com%2fpipermail%2ffriam_redfish.com%2f&c=E,1,sNMwOe5m5tDCcv690HsBGgRDoCsYYAFZAy5TEhLLgRLn6hoflzCQjFAgJ6E1nHmHVXNSKalwkGP3bQmrHRZf2ItdGBLwuinKmOskAKrX-9zp2uvmyrToNnzl6w,,&typo=1 > 1/2003 thru 6/2021 http://friam.383.s1.nabble.com/ .- .-.. .-.. / ..-. --- --- - . .-. ... / .- .-. . / .-- .-. --- -. --. / ... --- -- . / .- .-. . / ..- ... . ..-. ..- .-.. FRIAM Applied Complexity Group listserv Fridays 9a-12p Friday St. Johns Cafe / Thursdays 9a-12p Zoom https://bit.ly/virtualfriam to (un)subscribe http://redfish.com/mailman/listinfo/friam_redfish.com FRIAM-COMIC http://friam-comic.blogspot.com/ archives: 5/2017 thru present https://redfish.com/pipermail/friam_redfish.com/ 1/2003 thru 6/2021 http://friam.383.s1.nabble.com/
