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Comment Kickstarter's Fundamental Problem (Score 1) 217

The fundamental problem with Kickstarter is that there's no accountability for handling the money. There's simply no assurance that the people running the show have estimated costs correctly, or know how to manage a project with budge constraints. Since the "investors" have zero ownership, they can't step in to right the ship.

Don't bother kickstarting any major project that doesn't have a project manager experienced in the field (a famous, experienced designer, for instance, isn't necessarily good enough.)

Comment Re:The model doesn't describe the system. (Score 2) 249

From reading the actual paper, I think it describes reality pretty well. For people that want to just get by with out thinking too hard about it and just naively optimize their own gains, they'll find a cooperative strategy is better. For those who want something a bit more, they'll think about it and realize that exploitation of the cooperators is the fast track to success.

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