/biz/ - Business & Finance

>>24767219
>This just isn't the reality in the real world.
I think you're conflating Kleros and IRL court systems too much. Kleros is a decentralized contract dispute system automatically executed by smart contract and agreed to by both parties in advance. IRL courts have people brought in in chains and lawyers argue obscure points of precedent and evidentiary rules guided by a judge and explained to average morons. IRL courts do not rely on game theory at all. Kleros couldn't function without it.

>The project sounds "nice" until you get to any use case with any actual value or complexity attached to it.
Read the white paper and book. Actual value doesn't matter to the functioning of Kleros court, both parties agree to arbitration by Kleros in advance and the smart contract executes the decision automatically. Complexity is solved by having specialized courts that require more than normal PNK to stake on. This encourages jurors to self-select for courts where they have expertise and are therefore more likely to make a correct ruling (for example, I have J-E translation experience so I'm comfortable staking lots of PNK there because I'm sure I'll make the right calls. I would not stake a similar amount of PNK in an international maritime shipping court (which doesn't yet exist), or in their statistical analysis court that does exist, because I lack the expertise to be sure that I'm making the right call. And again, both parties agree in advance to arbitrate disputes through Kleros, and they would only do so after considering the complexity of the contract. If they felt it were too complex for Kleros to arbitrate, they'd either find a different contract vehicle or refrain from contracting at all.