Innovators and entrepreneurs often find themselves stuck in a Catch-22 when it comes to bringing new ideas to the market: Regulators are skeptical to change laws and standards until there's evidence it's safe to do so, but innovators can't generate that evidence until those laws and standards are actually changed.

Economist Cameron Belt joined the program to discuss his forthcoming paper on "regulatory sandboxes" for Nevada Policy — a policy concept that allows innovators and regulators to overcome that Catch-22 and build a more dynamic, and flexible, regulatory framework.