The system I'm proposing is like a prediction market. How do officials know what to prioritize when they have limited data? The signal to noise ratio likely improves when people have paid money to report a problematic intersection and are incentivized to only report ones where they actually believe danger is present.
My back of the napkin proposal suggests creating a market surrogate to provide information in a context where a market does not exist (due to the public monopoly on most roads).
Comments
This is plain ridiculous "monetize everything" and litigate at the drop of hat mindset.
American officialdom is just plain pathological.
I fully agree about the pathology in the US.
The system I'm proposing is like a prediction market. How do officials know what to prioritize when they have limited data? The signal to noise ratio likely improves when people have paid money to report a problematic intersection and are incentivized to only report ones where they actually believe danger is present.
My back of the napkin proposal suggests creating a market surrogate to provide information in a context where a market does not exist (due to the public monopoly on most roads).