Image for post
Image for post
image credit: edar/pixabay

Useful ‘Nobel’ Economics? You bet!

How a winner of the Economics ‘Nobel’ prize may help run organizations better

They say the way to hell is paved with good intentions. Arguably, anyone intent on paving the way to hell might find more paving material if they went for the unintended consequences of well-intentioned measures. There are several classic examples from history of incentives that went spectacularly wrong; one of these has even been used to provide a label for this problem: the Cobra effect.

Image for post
Image for post
Hey, no skin off my nose! (credit: cuyahoga/pixabay)
Image for post
Image for post
Quiet day, lousy pay? (credit: wolfgang1663/pixabay)

Written by

Accidental behavioural economist in search of wisdom. Uses insights from (behavioural) economics in organization development. On Twitter as @koenfucius

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store