💡 In Ancient Athens, the people held a yearly ritual called Ostrakon. They collected private votes and high vote-getters were banished for ten years.
Today, people do not share certain kinds of information. They may not feel safe, may not have the money or time to pursue claims in a legal system, or simply feel uncomfortable with coming forward.
The information that these people have is very valuable, and helps us all make better decisions.
Making progress requires that we incentivize the sharing of accurate information about certain events, by reducing ‘informational asymmetry.’
The sharing problem happens in many industries, but almost always when there is a situation with a difference in power between the players involved.