Anything That Can Go Wrong, Will - Deepstash
Anything That Can Go Wrong, Will

Anything That Can Go Wrong, Will

In any situation where you can spot spillover effects (like a polluting factory), look for an externality (like bad health effects) lurking nearby.

Fixing it will require intervention either by fiat (like government regulation) or by setting up a marketplace system according to the Coase theorem (like cap and trade).

Beware of situations with asymmetric information, as they can lead to principal-agent problems.

568

1.61K reads

CURATED FROM

IDEAS CURATED BY

car_vv

I am a sucker for gadgets, stubborn and curious. Eating right and sleeping well is important to me.

Super Thinking is about the frameworks and shortcuts top performers rely on the cut through complexity and separate good ideas from bad ones.

The idea is part of this collection:

Diverse And Inclusive Workplaces

Learn more about problemsolving with this collection

Strategies for promoting inclusivity

How to address unconscious bias

How to create a diverse and inclusive workplace

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates