An interesting article on how to stop increasing terrorism. Nothing really surprises there.
Incentive is a powerful tool for nudging human behaviour in a particular direction. In realm of economics, money is an obvious candidate that people think of incentive. It is often assumed that higher cash reward will always equate to higher performance, but psychologists now know that is not always the case. In fact, in some cases, money incentive may cause harms.
It is this assumption that we know the link between cause and effect that leads to unintended consequences. Often, we act upon the belief that action A will cause event B. We stop short of realising that event B often leads to event C, which often catches us by surprise. I believe strongly in outsourcing my learning: learning from others’ mistakes. Here are some examples to serve as valuable lessons.