Comment on Trading Program Ran Amok, With No ‘Off’ SwitchparentComments−wglb14yBut don't you think the existence of regulation influences the culture?−toomuchtodo14yPenalties influence the culture. As we all know, the first lesson in economics is that incentives matter.Sometimes, the right people aren't being incentivized to do the right thing.
Comments
But don't you think the existence of regulation influences the culture?
Penalties influence the culture. As we all know, the first lesson in economics is that incentives matter.
Sometimes, the right people aren't being incentivized to do the right thing.