
Perverse Incentives, Unintended Consequences, and How You Make Policy: The Cobra Effect, Horseshoe Theory, & Barbera Streisand
Game Theory
00:00
The Importance of Perverse Incentives in Game Theory
The Chinese government in this like this situation is counting on people needing to factor in their own self-interest above participating in the prisoners dilemma for the greater good. There's one other theory that you probably know a lot more about than I do, which is called the horseshoe theory. The basic idea is that all of us contribute toward a common good and then we can benefit from the common good.
Play episode from 38:24
Transcript


