According to the historically dubious story behind Horst Siebert's "cobra effect", the British Raj, concerned about the number of venomous cobras in Delhi, offered a bounty for every dead cobra.
Initially, this worked; then people began breeding cobras for the income. The reward programme was scrapped, and the breeders set their snakes free. Economists are obsessed with incentives. Can you use them as a lens to predict institutional asset allocation?
@tdietterich Not trusting anything contained in paper because you find an AI tell isn’t very logical. Brilliant insight dismissed because of hallucinated reference — banned for a year???
#Rugby law fix: Treat the high ball catch like a breakdown. Draw an offside line at the jumper. If a chasing "slip catcher" loiters behind the catcher and grabs a tap-back, it's an offside penalty or free kick. Reward the team that wins catch.
Latest Substack picking up on the fact that George Osborne recently said he’d definitely have done pension reform if he’d had a 9th budget.
https://t.co/Ca6go3SLVn