Answer 1: Moloch likes it this way—no participant thinks it’s the best plan, but everyone is afraid that making it easier and more certain will reduce their power.
Answer 2: It’s a powerful signal and in order to remain so it must be costly. If it weren’t so difficult and uncertain (leading to stress and panic), it wouldn’t signal as well.
Answer 1: Moloch likes it this way—no participant thinks it’s the best plan, but everyone is afraid that making it easier and more certain will reduce their power.
Answer 2: It’s a powerful signal and in order to remain so it must be costly. If it weren’t so difficult and uncertain (leading to stress and panic), it wouldn’t signal as well.