Perverse Incentives, Unintended Consequences, and How You Make Policy: The Cobra Effect, Horseshoe Theory, & Barbera Streisand
Game Theory
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The Unintended Consequences of Incentives
A lot of people right now are- We discussed that on the show, I think. So they were incentivizing short-term gains to justify their bonus at the behest of long-term gains. It's a perverse incentive to justify their bonuses. They've made business decisions to make it look. like they earned their bonus and then four years later, the economy shuts down. That kind of thing can have global impacts. But by the way, TikTok every year has some seasonal things that people get excited about. Remember last year, my dear wife is on the show. We talked about medical match day. Medical match day has become an international TikTok thing. This is the first year
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