Freakonomics » What Would the World Look Like if Economists Were in Charge?: Full Transcript

Freakonomics » What Would the World Look Like if Economists Were in Charge?: Full Transcript: "And [my 3 year old] had figured out how to game a system that a world-leading economist had come up with. It’s really a cautionary tale to economists – when you come up with incentive schemes that even your three year old daughter can undo in a few days? What does that mean when you come up with an incentive scheme the whole world – you know, two, three hundred million people are out there strategizing against it, trying to beat you? You know you’re going to get beaten."