Dec 3, 2009
A perverse incentive is when you reward one behavior… and accidentally create another. Basically the Law of Unintended Consequences in action. One classic example comes …
If you worked in banking in the mid-20th century, using a calculator could’ve gotten you fired. Those are for people who don’t get numbers, not …
“Power corrupts, absolute power corrupts absolutely,” Lord Acton famously said. When leaders become “corrupted,” it’s easy to blame it on “They got greedy” or “They’re …
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