catallaxy files

catallaxy in technical exile

Perverse Incentives

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Noel Pearson has revealed that it pays more for a young school-leaver to choose welfare over further education. Is this the case all over or just for kids in remote areas? Would people like to identify other situations where it is rational to do things that would normally be regarded as undesirable. For example saving becomes irrational under a high inflation regime.

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Written by Admin

November 15, 2005 at 6:41 am

Posted in Uncategorized

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