Wednesday, June 19, 2013

Does the Absence of Rules Mean Chaos? | Cato Institute

Does the Absence of Rules Mean Chaos? | Cato Institute: "In traffic, following rules relieves you of some of the burden of having to monitor other drivers, cyclists, and pedestrians. It enables one to adopt what Paul Seabright, an economist at the University of Toulouse, coined “tunnel vision,” limiting the knowledge and attention needed to successfully operate in complex environments.

However, “tunnel vision” creates risks in situations that are not foreseen by the rules one is following."

"By creating a “shared space,” the potential for collisions grows, paradoxically incentivizing everyone to exercise more care."

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