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Perverse Incentives, Unintended Consequences, and How You Make Policy: The Cobra Effect, Horseshoe Theory, & Barbera Streisand

Game Theory

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The Role of Incentives in Social Policy

When it comes to making policy, answering those questions on a case by case basis is the best way to do it. It would be irresponsible not to respond to a system of incentives that exists. The cobra effect is hilarious, but all these other ones like veterans affairs and veterans compensation are really serious things.

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