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RE: The Cobra Effect and How Trying to Influence Behavior With Incentives Could Easily Backfire

in #steemit8 years ago

This incredibly well put, something that I have thought about endlessly and even wrote about a bit in an early article.

I love the application to the Steem ecosystem, in fact many are hoping that these powerful social incentives will one day have insurance companies, banks and even governments built on top of them! We better get this right in beta!

I usually think about governments, such as wanting to create jobs and then taxing labor. The more people know and think about incentives, the more eductated our decisions can be. We are building societies here my friend!

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