People who design systems should always ask a. One of the key elements of a good system design therefore is to avoid creating incentives to game it as much as possible.
There is this funny story about the cobra effect based on an anecdote from british colonial time in delhi.
Cobra effect game theory. The term cobra effect originated in an anecdote set at the time of british rule of colonial indiathe british government was concerned about the number of venomous cobra snakes in delhi. The government therefore offered a bounty for every dead cobra. Initially this was a successful strategy as large numbers of snakes were killed for the reward.
The cobra effect and game theory. When the british government was in power in india it launched a program to decrease the population of cobras across the country the government provided a reward for each dead snake. As a consequence people soon starting breeding more snakes in order to increase their earnings.
The cobra effect in indias e commerce startups. 9th aug 2016 0. One is by applying game theory.
One can also apply techniques based on the psychology of motivation. Ah game theory you are fascinating. The answer is yes indeed.
And it is called the cobra effect. The cobra effect is a paradox where the solution makes the problem worse. Just like the game theory the term is originally used to illustrate the causes of wrong stimulation in economy and politics.
The knowledge of poker is much broader than just the rules and strategies. Knowledge from other walks of life like economics artificial intelligence psychology and game theory can also be of important use and applied to a game of poker. Today we shall look at the cobra effect and its application in poker.
In december 2010 the website wikileaks was the subject of dos attacks and rejection from isps as a consequence of the united states cable leaks. People sympathetic to wikileaks cause voluntarily mirrored the website in order to. The cobra effect on the roads of bogota.
Game theory can help us avoid making policies with unintended consequences says economist dr tuvana pastine at maynooth university. A good chess player figures out the eventual repercussions of each move before making a decision. Then you have an effect i find very entertaining which is the cobra effect which is when a solution to a problem actually increases the problem.
When the british government was concerned about the amount of poisonous snakes in india during its colonisation they offered a bounty for every snake killed. Lessons in unintended consequences human beings react to every rule regulation and order governments impose and their reactions result in outcomes that can be quite different than the outcomes lawmakers intended. Heard of cobra effect.
Be careful what you ask for.