Catastrophic Incentives
Catastrophic Incentives Societies are vulnerable to any number of potential disasters: earthquakes, hurricanes, infectious diseases, terrorist attacks, and many others. Before disasters, institutions…
Specifikacia Catastrophic Incentives
Catastrophic Incentives
Societies are vulnerable to any number of potential disasters: earthquakes, hurricanes, infectious diseases, terrorist attacks, and many others. Before disasters, institutions pay insufficient attention to risk; in the aftermath, even when the lack of preparation led to a flawed response, the focus shifts to patching holes instead of addressing the underlying problems.Examining twenty years of disasters from 9/11 to COVID-19, Jeff Schlegelmilch and Ellen Carlin show how flawed incentive structures make the world more vulnerable when catastrophe strikes. Even though the dangers are often clear, there is a persistent pattern of inadequate preparation and a failure to learn from experience.
They explore how governments, the private sector, nonprofits, and academia behave before, during, and after crises, arguing that standard operational and business models have produced
Catastrophic Incentives
Catastrophic Thinking
Theory of Incentives
Rethinking Investment Incentives