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Why Coase needs Hayek - by Rohit Krishnan

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sometimes smart planners lose to simple markets

Why Coase needs Hayek sometimes smart planners lose to simple markets Rohit Krishnan May 02, 2026 97 32 15 Share So it turns out that when you give a very smart cutting edge frontier model the job of managing other models, it costs four times as much and does worse than just letting them compete. After all if you have access to many models there are three ways to do things. One option is to make the smartest model a hub, and have it route the questions to other models as it sees fit. Another option is for the smartest model to do everything. And a third option is a free for all, for every mode

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