Perverse Incentive | Christian's Notes

A list of reflective questions to ask yourself Antifragile Availability bias Black Swan Bottlenecks Cause and Effect Compound Interest Confirmation Bias Create momentum to make progress Emergence Environment Design Every field has some core principles and ideas upon which all other derive Evolution Excellence is mundane Fail Fast So You Can Fix Early Feedback Loop First instinct fallacy Force multiplier Free Rider Problem Friction Gall's Law Hanlon's Razor Haskell Hickam's Dictum Hindsight Bias How to Acquire Mental Models Increase your leverage to become more productive Innovation Multiplier Inversion Leverage Local maxima vs. Global maxima Mario Marketing Mental Models Metcalfe's Law Minimize time getting into position, just go Mise en place Network Effects Not making time for yourself first leads to burnout Occam's Razor Opportunity Cost Overton windows Perverse Incentive Positive Sum Post Hoc Ergo Propter Hoc Fallacy PP 1 - Introduction to Haskell PP 2 - Types and classes PP 3 - Functions and lists PP 4 - Recursion PP 5 - Higher-order functions PP 6 - Declaring types and type classes Premature Optimization Reciprocity Regression to the Mean Sharpen the saw Sherlock Holmes and Mental Models Signal vs. Noise Skin in the Game Stop being ungrateful of having so little life, and be grateful that you were given any at all Survivorship bias Take on the role before you can assume the role The Barbell Strategy The Diderot Effect The Dunning-Kruger Effect The Feature-Positive Effect The Ivy Lee Method for daily planning The Law of Inertia The Lindy Effect The Map Is Not The Territory The Mere-Exposure Effect The Pareto Principle The Pauli Exclusion Principle The Pratfall Effect The QEC method The Red Queen Effect Theory of Constraints To catch a second wind, you have to stay in the game long enough Using notes to advance in life Via Negativa Wittgenstein's Ruler Working on vs. working in Your second brain should actively grow and compound Zero Sum

I aliased “The Cobra Effect” because it is a direct kind of perverse incentive.

In India, there was a cobra problem people were often being attacked by cobras. So they began rewarding people for bringing them cobra skin. What happened? People started farming cobras. This did not help the problem. So they stopped incentivizing this behavior — they stopped rewarding it. This resulted in the farmers letting out the cobras, thereby worsening the problem.

When you incentivize some target which can be exploited, it will be.

Say, asking your customer service team to have a higher response rate. The intention is to have more customers helped, but the result may be that the team sends more automated responses.

Related: Mental Models

Incoming links: Mental Models

Outgoing links: Mental Models

I aliased “The Cobra Effect” because it is a direct kind of perverse incentive.

When you incentivize some target which can be exploited, it will be.

Say, asking your customer service team to have a higher response rate. The intention is to have more customers helped, but the result may be that the team sends more automated responses.

Related: Mental Models

Incoming links: Mental Models

Outgoing links: Mental Models