Tuesday, October 22, 2019
The Cobra Effect: Lessons in Unintended Consequences | Antony Davies, James R. Harrigan
The Cobra Effect: Lessons in Unintended Consequences | Antony Davies, James R. Harrigan: Unintended consequences happen so often that economists call them “Cobra Problems,” after a famous historic example. In colonial India, Delhi suffered a proliferation of cobras. To cut the number of cobras, the local government placed a bounty on them. Can you guess what happened?
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