Part 6/9:
An inclination towards free market dynamics raises questions about the efficiency and integrity of parameter adjustments. George discusses models where juror fees could auto-adjust based on market dynamics. However, potential pitfalls exist, such as incentivizing dishonest jurors to underbid to gain unfair advantages in disputes. Instead, a better solution could involve parties setting price thresholds that ensure a broad selection of juror expertise while safeguarding against malicious underbidding.
Tools for Parameterization
In his research, George highlights several tools for effective parameterization: