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How Economists think about Incentives—and why poorly designed Systems can make Rational People produce Irrational Outcomes | Perverse Incentives, Goodhart’s Law, Public Choice Theory, Rational Ignorance, and Mechanism Design all reveal the same uncomfortable idea: sometimes the problem isn’t the people playing the game—it’s what the game rewards. #Economics #PerverseIncentives #GoodhartsLaw #PublicChoiceTheory #MechanismDesign #PoliticalScience #LearnOnTikTok
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Ethiopian Deposit Insurance Fund which has 97 member FIs can only cover 13.65% of total deposits according their annual report if financial institutions fail, and although the EDIF and reporter stated that 97% of accounts have deposits less than 100k, making them under full coverage by the fund, the reality is that 97% of these accounts have on average less than 3k birr, yet the 3% have an average deposit balance of 601k, of which only 100k can be covered by the fund. The fund invests the 0.3% p
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PM’s speech at the Gross Ecosystem Product Launch on 23 September 2026 in New York, USA. Lyonchhen Dasho Tshering Tobgay, Prime Minister of Bhutan, announced Bhutan’s Gross Ecosystem Product (GEP) at approximately US$6.2 billion for 2024, marking a pioneering step in national accounting that places a clear monetary value on the country’s natural capital. While Gross Domestic Product (GDP) measures the market value of goods and services produced within a country, Gross Ecosystem Product measures
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TikTokthebhutanesenewspaper
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