DoomPosting
Unexpectedly terrible things happen, when people treat high-yield investments or insurance — as if it’s a savings account, = suddenly at the worst possible times, people are incentivized to DESTROY the investment or insurance vehicle, because they falsely…
Perverse incentives,
Cobra effect,
When people wrongly believe they’re incentivizing some desirable thing,
— When really, objectively, they’re incentivizing the destruction of everyone, including themselves
E.g. those encouraging everyone to treat insurance or investments like savings accounts
“Don’t worry bro, we can just collapse them, and then they’ll be forced to repay everything we paid in, just like a savings account”
Self-destructive behavior, trying to pretend that “intent” overrules objective incentives
Perverse incentives
Cobra effect
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Cobra effect,
When people wrongly believe they’re incentivizing some desirable thing,
— When really, objectively, they’re incentivizing the destruction of everyone, including themselves
E.g. those encouraging everyone to treat insurance or investments like savings accounts
“Don’t worry bro, we can just collapse them, and then they’ll be forced to repay everything we paid in, just like a savings account”
Self-destructive behavior, trying to pretend that “intent” overrules objective incentives
Perverse incentives
Cobra effect
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯4👀2👌1
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“Unbelievable I am literally fighting with a homeless person who is lighting fires!!!! She told me she is doing a good thing. Colton jurisdiction.”
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
🤬5👀3🔥2