We let groups of strangers decide the fate of defendants in the criminal justice system. What if we let them decide asset allocation for pension funds?
This is such a creative aplicaton of civic participation to finance. The parralel between jury decisions and asset allocation is wild but makes sense when you think about how misaligned CIO incentives are. Career risk driving benchmark hugging is a real issue that nobody talks about enough. Would love to see even a small pilot where 5% of assets get allocated by a citizen jury just to test if group wisdom actualy beats professional herding.
This is such a creative aplicaton of civic participation to finance. The parralel between jury decisions and asset allocation is wild but makes sense when you think about how misaligned CIO incentives are. Career risk driving benchmark hugging is a real issue that nobody talks about enough. Would love to see even a small pilot where 5% of assets get allocated by a citizen jury just to test if group wisdom actualy beats professional herding.