News Score: Score the News, Sort the News, Rewrite the Headlines

Incentives and the Cobra Effect

When Delhi was under colonial rule it suffered from an excess of venomous cobras. To curb the population the government paid a bounty for dead cobras. This triggered entrepreneurs to start breeding cobras to collect the bounty. When the government figured out what was happening, they discontinued the bounty which meant all the cobras being bred were worthless and were thus set free, increasing the cobra population significantly. The Cobra effect is when the solution for a problem unintentionally...

Read more at boz.com

© News Score  score the news, sort the news, rewrite the headlines