Contemporary · Systems & Incentives · Model
Cobra Effect
Horst Siebert · 2001
"A well-intended incentive can produce exactly what it was meant to prevent."
The British in colonial Delhi paid a bounty for dead cobras to reduce cobra populations. People started breeding cobras. When the government cancelled the program, the breeders released their now-worthless snakes — and the cobra population increased. The name stuck.
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