3 ms·
The Cobra Effect is an example of a Perverse Incentive, which is where an attempt to incentivize a behavior ends up incentivizing the opposite: https://en.wikip
by cortesoft 2y ago
The Cobra Effect is an example of a Perverse Incentive, which is where an attempt to incentivize a behavior ends up incentivizing the opposite: https://en.wikipedia.org/wiki/Perverse_incentive https://en.wikipedia.org/wiki/Perverse_incentive
I think most of the examples fit this, but a few don't.
- smusamashah 2y agoThis also sounds similar to Goodhart's Law which states that “when a measure becomes a target, it ceases to be a good measure.” https://en.m.wikipedia.org/wiki/Goodhart%27s_law https://en.m.wikipedia.org/wiki/Goodhart%27s_law
- cortesoft 2y agoI do think the two phenomenon are related... they both are caused when people fail to take into account the knock on effect of their actions